Latham & Watkins has advised the underwriters in connection with the US IPO of BEST Inc., the largest US IPO of a Chinese company to date in 2017. The company priced the offering of 45 million ADSs at US$10 per ADS on the New York Stock Exchange.

BEST Inc. is a Smart Supply Chain company headquartered in Hangzhou, China. Its Smart Supply Chain platform enables new retail by providing technology-enabled integrated logistics and supply chain solutions and last mile services. The company currently provides multiple service lines, including BEST Supply Chain Management, BEST Express, BEST Freight, BEST Store+, BEST Global, BEST Capital, and BEST UCargo. E-commerce giant Alibaba is BEST’s largest shareholder.

Latham & Watkins represented the underwriters, including Citigroup Global Markets, Credit Suisse Securities (USA), Goldman Sachs (Asia), JP Morgan Securities, Deutsche Bank Securities, CLSA, Keybanc Capital Markets, Oppenheimer, and Stifel.

The Latham & Watkins team was led by partner Yilong Du, with partner Allen Wang and associates Eric Yiu and Serena Shie. Washington, D.C. partner Alex Cohen and counsel Paul Dudek also provided counsel.

Du, who led the deal team, commented: “We are delighted to have advised on this landmark transaction with a team from our Greater China practice and the US, which demonstrates the strength of our integrated global platform.”