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Herbert Smith Freehills advises on Newborn Town's Hong Kong IPO 史密夫斐尔律师事务所为赤子城赴港IPO提供法律服务

31 December 2019 | China
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Leading global law firm Herbert Smith Freehills has advised Chinese AI-based mobile app developer and mobile advertising platform services provider Newborn Town Inc. on its global offering and listing on the Hong Kong Stock Exchange. Newborn Town is a leading Chinese mobile internet company targeting overseas markets.

国际知名的律师事务所史密夫斐尔为基于人工智能技术的移动应用开发商及移动广告平台运营商赤子城的全球首次公开募股并成功登陆香港联交所提供法律服务。赤子城是中国移动互联网领域出海企业的佼佼者。

 

Newborn Town generated broad interest in the market since initiating its plan to go public and the Hong Kong public offering was oversubscribed 1,400 times during its roadshow.

CMBC International Capital Limited was the sole sponsor of the listing. CMBC Securities Company Limited, Haitong International Securities Company Limited and SBI China Capital Financial Services Limited were joint global coordinators.

"We congratulate Newborn Town on its IPO," said Beijing managing partner Tom Chau. "Precisely as its name indicates, Newborn Town is brimming with vigour and vitality, while remaining true to its original aspiration. We were privileged to work with Newborn Town on this successful listing, and delighted to see its IPO recognised by the international capital markets."

This deal adds to the growing roster of Chinese listings on the Hong Kong Stock Exchange on which the firm's Greater China equity capital markets team has advised in the past year, including clinical-stage biopharmaceutical companies Shanghai Junshi Biosciences, TOT BIOPHARM and SinoMab Bioscience Limited, SaaS firm Duiba Group, wastewater treatment solution provider China Everbright Water, and precision measurement instrument manufacturer Zhejiang Cangnan Instrument Group.

Tom, partner Zhong Wang and senior associate Isaac Chen led the team advising Newborn Town, assisted by senior associate Sherry Lai, associates Kathy Zhang and Jasper Wang, paralegals Daina Wang and Iris Zhu, and Yuanyuan Yin and Huan Meng of Beijing ALT.

 

赤子城自公开募集以来引起了市场的广泛兴趣。在此前的路演中,香港公开发售部分获得1400倍超额认购。

民银资本为此次IPO担任独家保荐人。民银证券、海通国际证券和软库中华金融服务为联席全球协调人。

史密夫斐尔北京办公室管理合伙人邹兆麟律师表示:“我们衷心祝贺赤子城成功上市。赤子城是一家青春洋溢、朝气蓬勃的公司,也是一家怀抱赤子之心的公司。我们很高兴为赤子城的赴港上市提供法律服务,并乐见赤子城的首次公开发行受到国际资本市场的认可。”

此次协助赤子城上市是史密夫斐尔大中华区股权资本市场团队助力中国企业在港上市的又一成功范例。过去十二个月,史密夫斐尔为众多登陆港股市场的中国企业提供了法律服务,其中包括临床阶段生物制药公司君实生物、东曜药业及中国抗体,SaaS平台运营商兑吧集团,水环境治理企业光大水务以及精密仪表制造商苍南仪表。

此次的法律服务团队由史密夫斐尔北京办公室管理合伙人邹兆麟、合伙人王重以及高级律师陈敏领导;高级律师黎翠芬、律师张凯西、王建平,法律助理王黛娜、朱梓萱提供支持;包括尹圆圆及孟幻在内的史密夫斐尔替代性法律服务团队亦为本项目提供支持。

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