18 March 2021
Skadden advised NYSE-listed Autohome Inc., the leading online destination for automobile consumers in China, in its global offering and secondary listing of ordinary shares on the Main Board of the Hong Kong Stock Exchange Limited. Autohome Inc. and the selling shareholder in aggregate offered and sold 30,291,200 shares at a price of HK$176.30 per share (approximately US$22.70), for a total offer value of HK$5.34 billion (approximately US$688 million), exclusive of the underwriters' over-allotment option. Trading commenced on 15 March 2021.
The Skadden team was led by partners Haiping Li (Shanghai), Christopher Betts (Hong Kong), and Paloma Wang (Hong Kong), with associates Xueyin Zhong (Beijing), Steven Lee (Hong Kong), Charles Shi (Hong Kong), and John Cai (Beijing), and trainee solicitor Hillary Chan (Hong Kong).
