3 July, 2018
Davis Polk advised the managers in connection with a Rule 144A and Regulation S offering by Momo Inc. of $650 million aggregate principal amount of its 1.25% convertible senior notes due 2025. The managers have an option, exercisable within a 30-day period from the offering, to purchase up to $100 million principal amount of additional notes.
Momo Inc. is one of China’s leading mobile-based social and entertainment platforms. Momo enables users to establish and expand social relationships based on location, interests and a variety of recreational activities including live videos, short videos, social games as well as other video and audio-based interactive experiences, such as audio-chat rooms and audio streaming.
The Davis Polk corporate team included partner James C. Lin, counsel Faisal Baloch and associate Sophia Mao. The equity derivatives team included partners John M. Brandow and Derek Walters and associate Brent T. Duddie. Partner Michael Farber, counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Partner Ashok Ramani provided intellectual property and technology advice. Members of the Davis Polk team are based in the Hong Kong, London, New York and Northern California offices.
This announcement is not offer for sale of securities in the United States. The securities referred to herein (the "Securities") have not been registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be sold in the United States absent registration or an exemption from registration under the Securities Act. The issuer of the Securities does not intend to register any part of the offering in the United States or to conduct a public offering of the Securities in the United States.
