Squire Patton Boggs has acted for JJ Auto AG, a leading manufacturer and supplier of automotive parts for the Chinese market, on its parallel IPO on the Frankfurt Stock Exchange and Warsaw Stock Exchange. Since earlier this week, JJ Auto AG’s shares are listed in the regulated market (General Standard) of the Frankfurt Stock Exchange and the regulated market (Parallel Market) of the Warsaw Stock Exchange.

Founded in 1998, JJ Auto is a specialised and dynamically growing manufacturer and supplier of automotive parts for commercial vehicles and heavy-duty machines. JJ Auto is based in Fujian province and exclusively sells its products in the Chinese market, particularly in the provinces of Fujian, Hubei, Yunnan, Zhejiang, Jiangsu and Henan, where the demand for commercial vehicles and heavy-duty machines is experiencing rapid growth.

Led by corporate partner and capital markets expert Dr. Benjamin Kroymann in Shanghai, a cross-border team from Squire Patton Boggs’ Shanghai, Berlin, Frankfurt and Warsaw offices advised JJ Auto AG on the listing, including setting up the listing vehicle, conducting the pre-IPO reorganization of the group, preparing the securities prospectus and coordinating the prospectus approval procedure with the German regulator BaFin. Besides Dr. Kroymann, the Squire Patton Boggs team included Furong Ren and Leon Xu in Shanghai, Dr. Kai Mertens and Navid Anderson in Berlin, Thomas Busching and Dr. Andreas Fillmann in Frankurt as well as Dr. Marcin Wnukowski, Pawel Magierowski and Dominika Kupisz in Warsaw.

By conducting a parallel public offering and listing in the neighbouring countries of Germany and Poland, JJ Auto adopted an innovative approach aimed at tapping into the growing interest of Polish investors for Chinese issuers.

“We are delighted that our global group has represented another successful Chinese business on its listing in Europe, where there is continued appetite for investment opportunities in dynamic companies and potentially high growth markets. This is the second IPO of a Chinese company on the Warsaw Stock Exchange and we are happy to be moving into this new and promising market for Chinese issuers at such an early stage,” commented Dr. Kroymann.