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O'Melveny Represents iSoftStone Holdings Limited in its US$162 Million IPO on NYSE

December 28, 2010

FOR IMMEDIATE RELEASE

CONTACT:

Andrea Rodeschini
O'Melveny & Myers LLP
212.326.2251
arodeschini@omm.com

Julie Fei
O'Melveny & Myers LLP
213.430.7792
jfei@omm.com

SHANGHAI DECEMBER 28, 2010 O’Melveny represented iSoftStone Holdings Limited (NYSE:ISS) and the selling shareholders, in its US$162 million initial public offering of American Depositary Shares (ADSs) and listing on the New York Stock Exchange. iSoftStone and the selling shareholders sold 12,458,334 ADSs at US$13 per ADS, the high end of the range, including 1,625,000 ADSs sold when the underwriters exercised their over-allotment option in full. UBS AG, JP Morgan Securities LLC, and Morgan Stanley & Co. International plc acted as joint bookrunners for iSoftStone’s IPO.

 

Founded in 2001, iSoftStone is a leading China-based IT services provider serving both Greater China and global clients. iSoftStone provides an integrated suite of IT services and solutions including Consulting & Solutions, IT Services, and business process outsourcing services. iSoftStone was certified CMMI Level 5 in 2006, and is certified ISO9001 and ISO27001, and focuses on key client industry verticals including technology, communications, banking, financial services and insurance and energy, transportation, and public sector.

 

The O’Melveny team was led by Shanghai partners Kurt Berney and Portia Ku, and included Shanghai counsel Jim Hildebrandt and Beijing associates Ning Zhang and Yingqiong (Joan) Tong. 

 

“We are delighted to take part in this transaction,” said Berney, “and we continue to see a strong pipeline of capital markets work in our China offices. It is a very exciting time for us.”

 

During the process of the IPO, a separate O’Melveny team consisting of Berney, counsel Victor Chen (HK), and associate Nima Amini (HK) also represented iSoftStone in its acquisition of Ascend Technologies Inc., through which iSoftStone further expanded its geographic presence and service capabilities to better serve global banking and financial services (including insurance) clients, and added delivery centers in Boston and New York City.

 

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.

For more information, please visit www.omm.com; http://www.omm.cn/