Chinese Company Public Offerings in the United States and Hong Kong
Inseparable from China’s commercial resurgence has been the rise of Chinese activity in global capital markets. Some of the world’s largest and most successful recent listings have been Chinese issuers. And exchanges in Hong Kong and Shanghai have boasted record-breaking volumes of listed companies.
O’Melveny China features a robust capital markets team, described by Chambers and Partners as “serious competitors,” “very knowledgeable about the PRC market,” and “particularly well known for its equity work.” Major global banks and Chinese issuers alike rely on our unique ability to handle various types of offerings on venues in the United States, Hong Kong and Shanghai. Our practice is truly transnational, with our strong team of Mainland and Hong Kong-resident capital markets lawyers working seamlessly with China-experienced practitioners in our U.S. offices.
The results speak for themselves—in 2007 alone, our team closed 16 public offerings of Chinese issues, raising nearly US$6.5 billion. In 2008, we closed two of the only four IPO's to list in the US from China. These offerings were for venture-backed, state-owned, and private companies in such diverse sectors as online gaming, financial services, alternative energy, education, mobile, retail, and healthcare.