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O’Melveny Represents Shanghai Kindly Medical Instruments in US$106 Million Hong Kong IPO

November 08, 2019

FOR IMMEDIATE RELEASE

Hong Kong — November 8, 2019 — O’Melveny advised Shanghai Kindly Medical Instruments Co., Ltd. (1501.HK) in its HK$832 million (approximately US$106 million) initial public offering on the Main Board of the Hong Kong Stock Exchange. 

The Global Offering consists of a total number of 40,000,000 Offer Shares of the Company (before any exercise of the over-allotment option).  This was an extraordinarily successful IPO, with its Hong Kong public shares oversubscribed by more than 260 times. In addition, there is an over-allotment option, for a total projected offering size of HK$957 million (US$122 million) should the over-allotment option be exercised in full.

Shanghai Kindly Medical Instruments Co., Ltd. is a leading Chinese cardiovascular interventional device manufacturer. It has designed, developed and produced cardiovascular intervention and other interventional medical devices in-house to meet different clinical needs. As of 19 October 2019, it had 62 registered patents, five registered softwares, 15 NMPA registration certificates for Class III medical devices, 12 Shanghai MPA registration certificates for Class II medical devices, 28 CE approved products and 10 FDA approved products.

The O’Melveny team was led by partners Ke Geng and Ke Zhu, and the team included counsel Vincent Lin, associates Wendy Kan and Claire Huang, legal consultants Jenny Wang and Tiffany Liu, and trainee solicitors Hilda Leung, Darryl Wan, and Jeremiah Lau.

BOCOM International (Asia) Limited is the Sole Sponsor. BOCOM International Securities Limited and CMB International Capital Limited are the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers.

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Contact:

Christopher Rieck
O’Melveny & Myers LLP
+1 212 326 2218
crieck@omm.com

Chris Schob
O’Melveny & Myers LLP
+86 21 2307 7000
cschob@omm.com