Private Chinese companies drawn to U.S. initial public offerings by the cachet and strong returns from a U.S. stock offering are being courted by a cadre of American corporate law firms jockeying for a piece of the burgeoning China market.
A spate of U.S. IPOs by Chinese companies since last year has engaged lawyers as managers’ or issuers’ counsel from such firms as Latham & Watkins; Shearman & Sterling; Skadden, Arps, Slate, Meagher & Flom; and Sullivan & Cromwell — all of which have offices in China and Hong Kong.
