O’Melveny Represents Taimei Tech, China’s Largest Digital Operation Platform for the Life Sciences Industry, in Hong Kong IPO
October 8, 2024
FOR IMMEDIATE RELEASE
HONG KONG—OCTOBER 8, 2024— O’Melveny represented Zhejiang Taimei Medical Technology Co., Ltd. (2576.HK) on its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange. The initial offering size is approximately HK$335 million (approximately US$43 million). Assuming full exercise of the over-allotment option, the offering size will be approximately HK$385 million (approximately US$50 million). O’Melveny advised Taimei Tech on both Hong Kong and U.S. laws.
Taimei Tech is the largest digital solution provider for life sciences R&D and commercialization in China. The company designs and delivers industry-specific software and digital services to a variety of stakeholders in the life sciences industry. Its cloud-based software offerings include Software-as-a-Service (SaaS) products and customized products that cover critical use cases such as trial design, patient recruitment, data collection, remote monitoring, and sales relationship management. In addition, Taimei Tech provides digital services in areas like imaging review, trial design, and data collection, integrating the capabilities of its cloud-based software and digital intelligence platforms.
Morgan Stanley Asia Limited and China International Capital Corporation Hong Kong Securities Limited acted as the joint sponsors.
The team was led by corporate partners Ke Geng and Ke Zhu. The core team members included counsel Yazhe Liu, associates Penny Chen, Sean Sy and William Sun, legal consultants Minhui Chen and Xingyan Zhou, and trainee solicitor Norman Luk. Trainee solicitors Ella Li, Priscilla Yeung, and Bianca Cheng provided valuable assistance. Partners Robert Plesnarski, Kurt Berney, Luc Moritz, and Billy Abbott and associate Arsalan Memon provided tax and U.S. legal opinion related advice.
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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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