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Banking & Finance - Capital Markets: Equity

ENR team advises SP Angel Corporate Finance LLP and Alternative Resource Capital on Bushveld Minerals fundraising

10 Apr 2018

In relation to a secondary fundraising for AIM-listed Bushveld Minerals Limited to raise gross proceeds of up to US$22.2 million

Our Energy and Natural Resources team has acted for SP Angel Corporate Finance LLP and Alternative Resource Capital as joint brokers on a secondary fundraising for AIM-listed Bushveld Minerals Limited to raise gross proceeds of up to US$22.2 million.

Davis Polk Advises Red Star on Its HK$4.6 Billion Proposed Voluntary Offer to Repurchase H Shares

09 Apr 2018

Davis Polk is advising Red Star Macalline Group Corporation Ltd. on its HK$4.6 billion (approximately $590 million) proposed voluntary conditional cash offer to repurchase 388,917,038 H shares at HK$11.78 per H share, representing 9.87% of Red Star’s total issued share capital. The offer is subject to, among other things, approvals by the shareholders and bondholders of Red Star.

King& Wood Mallesons advises OneSmart Education Group on restructuring its red chip structure and listing on the New York Stock Exchange

09 Apr 2018

On 28 Mar 2018 (EST.), King & Wood Mallesons (KWM) advised OneSmart Education Group Limited (OneSmart) on its successful listing on the New York Stock Exchange.  Prior to the listing, OneSmart completed the restructuring of its red chip structure and offshore private equity financing. This transaction is one of the first projects in the market that involves both the unwinding and rebuilding of the red chip structure. Its successful completion will set an important reference for similar projects in the future.

iQIYI, Inc. Initial Public Offering and NASDAQ Listing

06 Apr 2018

Davis Polk advised the representatives of the underwriters on the SEC-registered initial public offering by iQIYI, Inc. of 125,000,000 American Depositary Shares, each representing seven Class A ordinary shares, for total proceeds of $2.25 billion. iQIYI has granted the underwriters an option to purchase up to an additional 18,750,000 ADSs. The ADSs are listed on NASDAQ under the symbol “IQ.”

iQIYI, Inc. Initial Public Offering and NASDAQ Listing

06 Apr 2018

Davis Polk advised the representatives of the underwriters on the SEC-registered initial public offering by iQIYI, Inc. of 125,000,000 American Depositary Shares, each representing seven Class A ordinary shares, for total proceeds of $2.25 billion. iQIYI has granted the underwriters an option to purchase up to an additional 18,750,000 ADSs. The ADSs are listed on NASDAQ under the symbol “IQ.”

Arch Capital Closes $502 Million Secondary Public Stock Offering

05 Apr 2018

Willkie represented the underwriters in Arch Capital Group’s secondary public offering of 5,674,200 common shares.

Arch Capital Group Ltd. (NASDAQ: ACGL) recently announced that an underwritten public secondary offering of 5,674,200 common shares by certain selling shareholders affiliated with American International Group, Inc. has closed. The public offering price is $88.55 per common share for an aggregate public offering price of $502,450,410. Willkie represented the underwriters in the transaction.

Clifford Chance advises on Bandhan Bank's IPO in India

05 Apr 2018

Leading international law firm Clifford Chance advised Kotak Mahindra Capital Company Limited, Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, JM Financial Limited, and J.P. Morgan India Private Limited on the international law aspects of Bandhan Bank Limited's US$687 million ([?]44,730.19 million) initial public offering on the Bombay Stock Exchange and the National Stock Exchange of India Limited.