The listing demonstrates extensive experience in the financial services industry and highlights global and local capabilities

Latham & Watkins has advised Everbright Securities Company Limited (the “Company”) on its HK$8,293.6 million Hong Kong IPO, the second Chinese securities firm to list in Hong Kong this year.

Based on the offer price of HK$12.68 per H Share, the net proceeds from the global offering to be received by the Company, after deduction of the underwriting commissions and other estimated expenses in connection with the global offering and assuming no exercise of the over-allotment option, is estimated to be approximately HK$8,293.6 million. The global offering comprises a total of 680,000,000 H shares (subject to the over-allotment option). The final number of offer shares allocated to the placees under the international offering is 612,000,000 offer shares, representing 90% of the total number of the offer shares under the global offering (before the exercise of the over-allotment option), and the remaining 10%, or 68,000,000 offer shares will be allotted and issued to the applicants under the Hong Kong public offering.

The Latham & Watkins team was led by Hong Kong partners Cathy Yeung, Eugene Lee and William Woo, with associates Wei Wei, Alice Tsui, Bryan Flannery, George Zheng, Bonnie Tse, and Foreign Legal Consultants Gloria Chen and Yu Sun.

Cathy Yeung, Chair of Latham’s Hong Kong Corporate Department and Greater China Practice, commented: “Everbright Securities is a well-known Chinese brand and is already highly valued on the Shanghai Stock Exchange. Its debut on the Main Board of Hong Kong’s Stock Exchange is a major event. We are delighted to advise Everbright Securities on its Hong Kong IPO and to help make its landmark listing a reality.”
 
Hong Kong corporate partner Eugene Lee added: “We worked closely with Everbright Securities to bring its shares to the Hong Kong market. The listing demonstrates Latham’s extensive experience in the financial services industry and highlights our global experience and local expertise, which positions us well to guide leading Chinese and international businesses when they chose to tap the capital markets in Asia and around the world.”

Everbright Securities is a leading full-service securities group in China with its principal business lines comprising brokerage and wealth management, credit business, institutional securities services, investment management and overseas business.