O'Melveny Represents Credit Suisse and Morgan Stanley in US$312.8 Million IPO of E-Commerce China Dangdang Inc.

December 16, 2010


Andrea Rodeschini
O'Melveny & Myers LLP

Julie Fei
O'Melveny & Myers LLP

BEIJING ─ DECEMBER 16, 2010 ─ O’Melveny & Myers LLP represented Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. International plc as joint bookrunners, and Oppenheimer & Co. Inc., Piper Jaffray & Co., and Cowen and Company, LLC as co-managers, in the recent US$312.8 million initial public offering of American Depositary Shares (ADS) of E-Commerce China Dangdang Inc. (Dangdang). Dangdang and the selling shareholders sold 19.55 million ADSs at US$16 per ADS, including 2.55 million ADSs sold when the underwriters exercised their over-allotment option in full.

Dangdang has long been touted as the Amazon.com of China, and this transaction is being considered a landmark among Chinese company IPOs in the US. Through its Web site dangdang.com, the company offers more than 590,000 book titles and a range of other media products, as well as selected general merchandise categories.

The O’Melveny team was led by Beijing partner David Roberts. “This remains a very active time for our capital markets practice. We thoroughly enjoyed working on this great transaction," noted Roberts.

O'Melveny & Myers is a market leader among law firms in the representation of Chinese companies and their underwriters on IPOs in the United States, Hong Kong, and other jurisdictions.

About O’Melveny & Myers LLP
With approximately 900 lawyers in 14 offices worldwide, O’Melveny & Myers LLP helps industry leaders across a broad array of sectors manage the complex challenges of succeeding in the global economy. We are a values-driven law firm, guided by the principles of excellence, leadership, and citizenship. Our commitment to these values is reflected in our dedication to improving access to justice through pro bono work and championing initiatives that increase the diversity of the legal profession.

About O’Melveny & Myers LLP Asia Practice
O'Melveny began its practice in Asia nearly 25 years ago, and over this time we have become one of the most respected and full service legal service providers in the region. The firm maintains large offices in the most important political and commercial centers of Beijing, Shanghai, Hong Kong, Singapore, and Tokyo. Most of our lawyers are native to the region, understand the local law and business practices, speak the local languages and, most importantly, function as an integrated team that taps the firm's vast resources in Asia and globally, delivering value and expediency to its clients. The China practice is widely and frequently recognized as one of the strongest on the market. The Japan practice has been recommended by The Legal 500 and Chambers Global for corporate, mergers and acquisitions, and dispute resolution work. Our newest office in Singapore, opened in 2008, has grown rapidly and is a hub for corporate, finance and private equity work for the entire South and Southeast Asia region.
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