Morrison & Foerster (MoFo) has completed three multimillion-dollar listings on the Hong Kong stock exchange in recent weeks, as Asian capital markets continues to grow in importance for international law firms.

The US firm advised the underwriters – China International Capital Corporation, UBS and RBS – on the $300m (£194m) initial public offering (IPO) of Chinese power company Guodian Technology and Environment Group, which listed on 30 December.

The firm's team was led by Hong Kong capital markets partners Charles Chau and John Moore, with K&L Gates acting for Guodian.

Meanwhile, the firm also acted for Chinese cement company China Tianrui Cement on its $124m (£80m) IPO and oilfield service provider SPT Energy on its $70m (£45m) IPO, both of which listed on 23 December last year.

Moore and capital markets partner Gregory Wang led on the Tianrui IPO with fellow US law firm Paul Hastings acting for the underwriters, which included Deutsche Bank. Moore, Chau and corporate partner Xiaohu Ma lined up on the SPT IPO with Shearman & Sterling advising the underwriter, Morgan Stanley.

The news follows significant investment from MoFo in its local capital markets practice in recent months. The US firm recruited Moore from Herbert Smith – where he was previously Asia head of US capital markets - in July last year, while former Herbert Smith US securities partner Melody Chen announced her move to the firm in November.

The US firm also relocated former Linklaters partner Tony Grundy from its Tokyo office to Hong Kong at the close of last year to help handle growing volumes of work in the region, with Grundy set to split his time between the two bases.

The influx of capital markets work for MoFo comes after another busy year in the sector in Hong Kong, with a number of high-profile IPOs launching on the local stock exchange.

Companies to list included Italian fashion house Prada, which issued a $2.1bn (£1.4bn) IPO on the Hong Kong stock exchange in June last year, with Slaughter and May, Bonelli Erede Pappalardo, Davis Polk & Wardwell and Clifford Chance advising.