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.

Qunar is the leading search-based commerce platform for the travel industry in China. Its ADSs are traded on the Nasdaq Global Market under the ticker symbol “QUNR”.

The Simpson Thacher team for the transaction included Leiming Chen, Kevin Zhang, Ying Zhang and Qi Yue (Corporate); Jennie Getsin (FINRA); and Rob Holo, Jon Cantor and Adam Wells (Tax).