Skadden advised Guming Holdings Limited (Guming), a leading and fast-growing freshly-made beverage company, in its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange, raising approximately HK$1.81 billion (approximately US$232 million), exclusive of the over-allotment option. Trading commenced on February 12, 2025.
This is the first Hong Kong IPO in the Chinese New Year of the Snake and the first Hong Kong IPO by a beverage company in 2025.
The Skadden team was led by China Practice co-heads Haiping Li and Paloma Wang, and Partner Shu Du, with Counsel Lillian Lian, and Associates Shimeng Zhang, Tracy Lee, Weijian You and Kevin Li.
