Who Leads on Hong Kong Listings? Maybe Not the Firms You Think
A Law.com International analysis shows that British firms are losing out to their U.S. rivals for work on Hong Kong IPOs—a market they once dominated. But U.S. firms also face stiff competition: Chinese firms dominated the Hong Kong IPO market in 2021, taking the lion's share of the work.
April 07, 2022 at 04:48 PM
4 minute read
Initial Public OfferingsOut of the top 10 international firms that advised on the 82 Hong Kong Stock Exchange IPOs filed last year and completed by March 2022, only two were U.K.-based firms—a sign that British firms are losing the fight for a share of the Hong Kong initial public offerings market—a market they once dominated.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllHong Kong IPO Market Shows Signs of Slow but Steady Recovery
Linklaters Leads on $2B Omani Energy IPO, the GCC's Largest This Year
2 minute read'The Progression Is Not Natural': As IPOs Surge in India, Law Firms Try to Keep Up
JD.com Spinoff and LalaTech File for Billion Dollar Hong Kong IPOs Again
Law Firms Mentioned
- Sullivan & Cromwell LLP
- Davis Polk & Wardwell
- Conyers Dill Pearman
- Linklaters
- Amarchand & Mangaldas & Suresh A Shroff & Co
- Jingtian & Gongcheng
- King & Wood Mallesons
- Harneys
- Clifford Chance
- Skadden, Arps, Slate, Meagher & Flom LLP
- O'Melveny & Myers
- Kirkland & Ellis
- Herbert Smith Freehills LLP
- Wilson Sonsini Goodrich & Rosati
- Sidley Austin
- Allen & Overy
Trending Stories
- 1Judicial Ethics Opinion 24-57
- 2Milbank Leads Bonus Race, Rolling Out Year-End Pay News
- 3Teen Overseas Boarding Schools Face Wave of Miami Federal Lawsuits
- 4Decision of the Day: While Judge Was 'Moved' by Immigrant Couple's Efforts to Cast Votes in 2024 Election, Late Registration Denied
- 5California-Based Portal Crypto Exchange Faces Delaware Investor Class Action
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250