O’Melveny Represents Qunabox Group on its Approximately US$63 Million Hong Kong IPO
May 27, 2024
FOR IMMEDIATE RELEASE
HONG KONG—MAY 27, 2024— O’Melveny represented Qunabox Group Limited (0917.HK) on its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange. The offering size was approximately HK$490 million (approximately US$63 million). O’Melveny acted as Qunabox Group’s Hong Kong and U.S. counsel.
Founded in 2013 in Shanghai, Qunabox Group is dedicated to providing fast-moving consumer goods (FMCG) brands with technology-driven, outdoor marketing service solutions based on its network of unmanned vending machines. The Group leverages a network of interactive vending machines in landmark shopping malls, office buildings and other commercial properties, especially in first-tier cities across China, combined with technology-supported online platforms (including the Quna App and WeChat mini programs), to effectively reach target consumers and deliver products for its FMCG brand customers. In particular, the Group’s vending machines are equipped with Internet of Things (IoT) AI modules that enable interactive marketing features such as emitting scents, motion recognition, and voice interaction, which allows target consumers to obtain FMCG products while playing fun games, thus providing brands with an impressive and efficient marketing service that can reach a large area of the population in a short period of time.
Haitong International acted as the sole sponsor, sole overall coordinator, sole global coordinator, joint bookrunner and joint lead manager for this transaction.
The O’Melveny team was led by partners Ke Geng and Ke Zhu and counsel Vincent Wang. The core team members included counsel Qianyu Hu, associates Michelle Ye and William Sun, legal manager Estella Zhang, legal consultant Joshua Wang, paralegal Cherika Chen and trainee solicitor Cheryl Wong. Associate Pianpian Chen and legal consultant Ruidian Xian also provided valuable support.
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Contact:
Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
bjacobsen@omm.com
Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000
cschob@omm.com
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