Will Tech Hopefuls Revive Hong Kong Capital Markets?
Recent filings to the Hong Kong exchange suggest a market revival attempt by Chinese tech companies but no one legal adviser dominates the market.
September 13, 2023 at 11:12 AM
3 minute read
Capital Markets
Two Chinese technology companies, advised by Kirkland & Ellis, Jingtian & Gongcheng, Hogan Lovells, Clifford Chance, Tian Yuan Law Firm and Maples and Calder, have resubmitted their listing applications to the Hong Kong Stock Exchange.
The companies, iMotion Automotive Technology and Neusoft Xikang Holdings Inc., are the latest recent filings in Hong Kong by Chinese tech companies, suggesting that technology companies from the mainland may help revive the Hong Kong market.
Artificial intelligence automated driving systems developer iMotion is being advised by Kirkland, Jingtian and Hogan Lovells. Its underwriters, CCB International Holdings Ltd., Citigroup Inc. and Huatai Securities Co., are being represented by Shearman & Sterling as well as Beijing DeHeng Law Offices. The potential issuer, backed by Nasdaq-listed Li Auto, first filed for a Hong Kong listing in March, hoping to raise approximately $300 million.
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5 minute readLaw Firms Mentioned
- Davis Polk & Wardwell
- Kirkland & Ellis
- Clifford Chance
- Haiwen & Partners
- Ashurst
- Wilson Sonsini Goodrich & Rosati
- DeHeng Law Offices
- King & Wood Mallesons
- Amarchand & Mangaldas & Suresh A Shroff & Co
- Jingtian & Gongcheng
- Harney Westwood & Riegels
- Herbert Smith Freehills LLP
- Bird & Bird
- Walkers
- Shearman & Sterling LLP
- Hogan Lovells
- Zhonglun W&D Law Firm
- Tian Yuan Law Firm
- O'Melveny & Myers
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