16 October, 2020
Skadden advised MINISO Group Holding Limited, a fast-growing global value retailer offering a variety of design-led lifestyle products, on its listing and initial public offering of 30,400,000 American Depositary Shares ("ADSs"), each representing four Class A ordinary shares of MINISO, on the New York Stock Exchange. The ADSs were priced at US$ 20.00 per ADS, for a total offer value of US$ 608 million, assuming the underwriters do not exercise their option to purchase up to an aggregate of 4,560,000 additional ADSs. Trading will commence on 15 October 2020.
The Skadden team was led by partners Julie Gao (Hong Kong), Haiping Li (Shanghai), and Shu Du (Hong Kong), with associates Xu Zheng (Hong Kong) and Wang (Stan) Yao (Hong Kong).
