17 June, 2020
Skadden is advising Nasdaq-listed JD.com, China’s largest online retailer, largest overall retailer, and largest Internet company by revenue, on its US$ 3.9 billion secondary listing and global offering of new ordinary shares on the Hong Kong Stock Exchange, exclusive of the 15 % over-allotment option.
This is the largest global offering on the Hong Kong Exchange this year, and the second largest globally. Skadden is advising on matters involving U.S. and Hong Kong law. Trading is expected to begin on 18 June 2020.
The Skadden team was led by Hong Kong partners Julie Gao, Christopher Betts, Paloma Wang and Shu Du, with associates Martina To (Hong Kong), Ming Kong (Hong Kong), Gabriel Lee (Hong Kong), and Tianze Ma (Beijing), and trainee solicitor Marie Lim (Hong Kong).
