O’Melveny Represents 7 Days Inn on US$127.8 Million NYSE IPO12월 11, 2009
FOR IMMEDIATE RELEASE
O'Melveny & Myers LLP
O'Melveny & Myers LLP
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SHANGHAI, DECEMBER 10, 2009 – O’Melveny & Myers LLP represented 7 Days Group Holding Limited (“7 Days Inn”), a leading and fast growing national economy hotel chain in China, in its US$127.8 million initial public offering on the NYSE. 7 Days Inn, which trades under the symbol “SVN”, issued a total of 11,615,000 American depositary shares (“ADSs”) at closing, including 1,515,000 ADSs issued pursuant to the underwriters' over-allotment option which was exercised in full. The ADSs priced at $11 per share, which was at the top of the pricing range. The company intends to use the proceeds to pay down debt and provide working capital. O’Melveny had previously represented the company on several pre-IPO financings.
The O’Melveny team was led by partner Kurt Berney (SH) and counsel Todd Hamblet (SF), and included associates Cheng Wang (SH), Yan Li (SH) and Jiahua Wu (SH), and legal consultants Zijun Di (SH) and Chelsea Xuan (SH). Partner Portia Ku (SH) also provided advice on certain transaction-related matters. Partner Larry Sussman (BJ), associates Anita Choi (HK) and Cindy Huang (BJ) and legal consultant Fiona Chen (SH) provided tax advice. Partners Marty Dunn (DC), Robert Plesnarski (DC) and counsel Rebekah Toton (DC) provided SEC-related advice and insight. Counsel Elizabeth Kellerman (NY) provided advice relating to stock option matters.
J.P Morgan Securities Inc. and Citigroup Global Markets Inc. acted as joint bookrunners.
About O’Melveny & Myers LLP
With approximately 1,000 legal professionals 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. For more information, please visit www.omm.com; www.omm.cn