Firm Represents Underwriters in US$191.7 Million NASDAQ IPO of Qunar Cayman Islands Limited
Simpson Thacher represented the underwriters, led by Goldman Sachs (Asia) L.L.C. and Deutsche Bank Securities Inc., in connection with the initial public offering and listing on the Nasdaq Global Market of American depositary shares (“ADSs”) of Qunar Cayman Islands Limited (“Qunar”). The offering of 12,777,650 ADSs (including 1,666,650 ADSs pursuant to the exercise of the underwriters’ over-allotment option), each representing three Class B ordinary shares, raised an aggregate of US$191.7 million.