GreenTree Hospitality Group Ltd. Completes US$142.8 Million NYSE IPO
Simpson Thacher represented GreenTree Hospitality Group Ltd. (“GreenTree”) in connection with its initial public offering and listing on the New York Stock Exchange of 10,200,000 American Depository Shares representing 10,200,000 Class A ordinary shares. GreenTree raised a total of US$142.8 million in gross proceeds from the IPO before exercise of the underwriters’ overallotment option. Morgan Stanley, BofA Merrill Lynch and UBS Investment Bank acted as representatives for the underwriters of the offering.