O’Melveny Advises Hygeia in its US$286 Million Hong Kong IPO6月 29, 2020
FOR IMMEDIATE RELEASE
HONG KONG—June 29, 2020—O’Melveny advised Hygeia Healthcare Holdings Co., Limited (“Hygeia”) in its recent IPO and listing on the Hong Kong Stock Exchange. The IPO offering size was approximately HK$2.22 billion (approximately US$286 million), prior to the exercise of the over-allotment option. Assuming full exercise of the over-allotment option, the offering size will be approximately HK$2.55 billion (approximately US$329 million).
Hygeia is a leading oncology-focused healthcare group in China that endeavors to make healthcare services more accessible and affordable, addressing unmet demand of oncology patients in China. Hygeia is the largest oncology healthcare group in China in terms of revenue generated from radiotherapy-related services in 2019 and number of radiotherapy equipment installed in in-network hospitals and radiotherapy centers as of December 31, 2019.
The O’Melveny team representing Hygeia was led by partners Ke Geng and Ke Zhu, and included counsel Yiming Liu and Qianyu Hu, and legal consultant Jenny Wang. Valuable support was provided by the San Francisco, Los Angeles, Silicon Valley, and New York offices.
Morgan Stanley and Haitong International were the Joint Sponsors and the leading underwriters. Huatai Financial was also one of the Joint Global Coordinators. O’Melveny was the issuer’s legal adviser as to United States law. William Ji & Co. LLP (in association with Tian Yuan Law Firm Hong Kong Office) was the issuer’s legal adviser on Hong Kong law. Tian Yuan Law Firm Hong Kong Office was the issuer’s legal adviser on PRC law.
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