Skadden advised Mininglamp Technology, the largest data intelligence application software provider in China in terms of total revenue, on its initial public offering and listing on the main board of the Hong Kong Stock Exchange. The offering price was HK$141 per share, raising a total of HK$1.02 billion (approximately US$131 million). The company is controlled through a weighted voting rights structure. The Hong Kong tranche of the offering was oversubscribed by more than 4,000 times. For more information, please see the company prospectus here.
The cross-border Skadden team was led by China practice co-head Paloma Wang, and included China practice co-head Haiping Li, partner Shu Du, and associates Shimeng Zhang, Tracy Lee, Olivia Wu, Xiaoqiu Huang, Julia Liu and Matthew Ge, in Hong Kong and Beijing. Partners Brian Egan and Brooks Allen, counsel Katie Clarke and associate Lisa Marie Rechden advised on U.S. national security, CFIUS and international trade matters, in Washington D.C.
