Davis Polk advised Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and UBS Securities LLC as representatives of the underwriters of the initial public offering by MOL Global, Inc. (MOL) and certain selling shareholders of 13,500,000 American Depositary Shares, each representing one ordinary share of MOL, for a total proceeds of US$169 million. One of the selling shareholders has granted the underwriters an option to purchase up to an additional 2,025,000 ADSs. The ADSs are listed on NASDAQ under the symbol “MOLG.”  

Based in Kuala Lumpur, Malaysia, MOL is the largest e-payment enabler for online goods and services in Southeast Asia by payment volume. It operates a payments platform that facilitates online and mobile commerce for consumers in emerging and other markets by providing a vast network of payment channels that accept payment using cash and online methods. Its physical distribution network comprises more than 970,000 physical locations in 13 countries across four continents. MOL is the first Malaysia-based company to be listed in the United States.  

The Davis Polk team included partner James C. Lin, associate Shih-Jern Liang and foreign registered lawyers Terrence R. O'Donnell and Ryan J. Grimm . Partner John D. Paton, counsel Alon Gurfinkel and associate Lena X. Qiu provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Hong Kong, London and New York offices.