Linklaters advised the joint sponsors and underwriters on the global offering and listing of JST Group Corporation Limited on the Main Board of the Hong Kong Stock Exchange (HKEX), raising approximately HK$2.1bn. The firm acted as the Hong Kong and US counsel on the transaction.
JST Group is China’s largest e-commerce SaaS ERP (Software as a Service Enterprise Resource Planning) provider with a market share of 24.4% and ranked first in China’s e-commerce operation SaaS market with a market share of 8.7%, all in terms of revenue in 2024.
The Linklaters team was led by Partner and Head of Greater China ECM Christine Xu and capital markets partner Lipton Li, with support from counsel Samson Chan.
Partner and Head of Greater China ECM Christine Xu commented:
“We are honoured to have advised on JST Group’s landmark IPO, a testament to the continued vibrancy of Hong Kong’s capital markets and global interest in China’s innovative e-commerce industry. Our team remains committed to supporting enterprises as they access international capital markets and pursue strategic growth in dynamic sectors.“
Linklaters’ highly acclaimed Greater China ECM team provides seamless legal support on pre-IPO investments, IPOs, post-listing compliance and equity financing. For example the team recently advised on the recent HKEX IPOs of CATL, Chery, Sanhua Intelligent, Ab&B Bio-Tech and FWD Group, as well as share placings for Minieye Technology and RoboSense.
