Topic
IPO
617 published works
SEC Actions
This Week In Securities Litigation (Week of November16, 2020)
The speculation is on. When will Jay Clayton leave his position as Chair of the SEC? By January 20, 2021 is the obvious answer. Many think that Mr. Clayton may…
The D&O Diary
Ant Group’s Scrubbed IPO Triggers U.S. Failure to Launch Claim Against Alibaba
When I heard that moves by Chinese financial regulators had forced the Shangahi securities market to suspend Ant Group’s massive planned IPO, my first thought was that, if the offering…
China Law Insight
荣昌生物香港联交所主板上市
By King & Wood
2020年11月9日，荣昌生物制药（烟台）股份有限公司（简称“荣昌生物”）在香港联合交易所主板首次公开发行H股并挂牌上市，股票代码为09995.HK。荣昌生物本次全球发售76,537,000股股票，发行价格为每股52.10港元，募集资金总额3,987,577,700元港币，为2020年香港融资规模最大的生物制药企业。
The D&O Diary
Does Increased IPO Activity Foreshadow Increased IPO-Related Securities Litigation Ahead?
In recent months, IPO activity has reached levels “not seen since the dot-com era,” according to a recent report on the IPO market. On November 3, 2020, the IPO Tracker…
China Law Insight
King & Wood Mallesons advises CICC on its A-share listing
By King & Wood
On 2 November 2020, China International Capital Corporation Limited (“CICC”, stock code: 601995) launched its A-share IPO on the Shanghai Stock Exchange by issuing 458,589,000 shares at a price of…
China Law Insight
广联航空深圳创业板上市
By King & Wood
2020年10月29日，广联航空工业股份有限公司（简称“广联航空”）在深圳证券交易所创业板成功发行A股并上市，股票代码为300900。广联航空本次发行的股份总数为5,256万股，发行价格为每股人民币17.87元，发行市盈率为61.67倍，募集资金总额为93,924.72万元。
China Law Insight
金龙鱼创业板上市
By King & Wood
2020年10月15日，益海嘉里金龙鱼粮油食品股份有限公司（简称“金龙鱼”）首次公开发行A股票并在深圳交易所创业板上市交易（股票代码：300999）。金龙鱼本次公开发行5.42亿股新股，发行价格为25.7元/股，募集资金总额为139.33亿元，成为创业板有史以来募资规模最大的企业，也是创业板新规生效后第一单新加坡上市公司分拆子公司在A股IPO项目。
China Law Insight
金杜助力美股分拆A股IPO第一单盛美半导体科创板上市项目成功过会
By King & Wood
2020年9月30日，盛美半导体设备（上海）股份有限公司（以下简称“盛美半导体”）首次公开发行股票并在科创板上市项目获得上海证券交易所科创板上市委2020年第82次会议审核通过，成为首例成功过会的美股上市公司分拆A股IPO的项目，为美股中概股上市公司回归A股提供了全新的路径方案，具有重大突破性意义。
Free Writings + Perspectives
SEC Speaks: Promoting Growth in the Public Markets
During the annual Practising Law Institute’s SEC Speaks, Commissioner Lee discussed the state of public markets and public offerings. The Commissioner addressed the shift toward continued reliance on the private…
Free Writings + Perspectives
IPO Underpricing & Behavioral Theories
In a law journal note titled “The Seller’s Curse and the Underwriter’s Pricing Pivot: A Behavioral Theory of IPO Pricing,” author Patrick Corrigan considers various theories advanced to explain IPO…