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International Edition

CC and Latham lead as 7-eleven Malaysia eyes month-end IPO

Clifford Chance (CC) and Latham & Watkins have taken lead roles on the IPO of 7-Eleven Malaysia Holdings, valued at $226m and expected to be the largest new listing in the country so far this year.
2 minute read

International Edition

Wall Street firms reap rewards as China's tech giants eye US IPOs

In Asia it seems that nothing lasts forever. While less than two years ago Chinese companies were rushing to de-list from the US in the face of fraud allegations and declining equity market valuations, today, US IPOs by PRC corporates are once again the talk of the town.
4 minute read

International Edition

China's portal to the world – why Chinese companies are using the Cayman Islands to list overseas

International capital markets are currently experiencing something of a boom in initial public offerings (IPO) of Chinese businesses, with many top Chinese internet companies in particular seeking to list overseas, especially in the US.
7 minute read

International Edition

Skadden and Simpson lead on US listing of online Chinese cosmetics retailer

Skadden Arps Slate Meagher & Flom and Simpson Thacher & Bartlett have landed lead roles on the upcoming US listing of online Chinese cosmetics retailer Jumei International.
3 minute read

International Edition

O'Melveny to offer annual internships to Indian law students

O'Melveny & Myers' Singapore office is to offer internships to Indian law students in association with a Bangalore not-for-profit organisation.
2 minute read

International Edition

HSF and Linklaters ordered in for £700m Just Eat IPO

Herbert Smith Freehills (HSF) and Linklaters are advising on Just Eat's £700m initial public offering (IPO), the latest in a wave of new listings in London so far this year. Yesterday (17 March), online takeaway company Just Eat announced its intention to list around £100m of shares either on the Financial Conduct Authority's premium listing segment, or the high growth segment of the main market.
2 minute read

International Edition

Sullivan joins Simpson Thacher on Alibaba New York IPO

Sullivan & Cromwell has been appointed to act alongside Simpson Thacher Bartlett on the US initial public offering (IPO) of Chinese e-commerce giant Alibaba. Sullivan has taken a role advising the sponsors on the listing, which Alibaba confirmed last week would take place in the US. The internet giant chose not to list in Hong Kong due to rules in the Asian financial hub which prevent managers from having more voting rights than normal investors.
2 minute read

International Edition

Milbank still has big plans for Asia despite bucking trend by giving up local HK practice

When Slaughter and May cast aside 125 years of tradition to make its first lateral partner hire in Hong Kong earlier this year it said something about the market in the Asian city. But as growing numbers of firms – both UK and US – pile into the region or bolster their ranks in a bid to capture a share of the coveted market, competition for talent, work and on fees is immense. Against this backdrop it is unsurprising that some firms are now reappraising their strategy, with it emerging this week that Milbank Tweed Hadley & McCloy is planning on winding up its local practice in the city. Having had a Hong Kong law practice for less than four years, the suggestion is that the firm is refocusing on international work and looking to adopt a similar model to the one it employs in Singapore, where it partners with top-tier local firms rather than hiring its own local lawyers. Given Milbank's profitability and the recent hires of two senior partners from Allen & Overy (A&O) in Hong Kong and Japan, as well as this week's capture of Stephenson Harwood aviation finance head Paul Ng in Singapore, the firm certainly seems to be evolving rather than downsizing.
4 minute read

International Edition

CC and Milbank lead on $316m HK IPO of Chinese theme park operator

Clifford Chance and Milbank Tweed Hadley & McCloy have advised on the $316m (HK$2.45bn) Hong Kong IPO of Chinese theme park operator Haichang Holdings. The Dalian-based company, which in 2012 was reported to be the largest marine theme park operator in China in terms of admission attendance, plans to use 50% of the proceeds to build its Haichang Polar Ocean World theme park in Shanghai and 40% to fund another project, Sanya Haitang Bay Dream World.
2 minute read

International Edition

Skadden, Paul Hastings lead on HK secondary listing of Uniqlo owner

Skadden Arps Slate Meagher & Flom and Paul Hastings have taken lead roles on the secondary listing of Japanese clothing company Fasting Retailing in Hong Kong. The retailer, whose primary listing is in Tokyo, has not issued shares or raised funds from the deal, but listed Hong Kong depositary receipts in the city by way of introduction so that investors can buy and sell shares in Hong Kong dollars instead of yen.
2 minute read

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