30 July, 2018
Skadden has advised Pinduoduo Inc., a leading new e-commerce platform in China, in its US$ 1.63 billion listing on the Nasdaq. Pinduoduo is offering 85.6 million American Depositary Shares, each representing four Class A shares. This is one of the largest US IPOs in 2018. Trading in the ADS commenced on 26 July, 2018.
Julie Gao led the Skadden team, with counsel Yuting Wu and associates Guang Yang and Karen Song in the firm's Hong Kong and Shanghai offices.
