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Freshfields and Sullivan advise on $3.6bn Hong Kong mega IPO
Freshfields Bruckhaus Deringer and Sullivan & Cromwell are advising on this year's first mega IPO in Hong Kong - that of the city's biggest electricity distributor. Power Asset Holdings, owned by Asia's richest man and Hong Kong tycoon Li Ka-Shing, is hoping to raise $3.6bn through a listing of its utility business HK Electric Investments, offering 4.43bn units for up to HK$6.30 per share.
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Freshfields Bruckhaus Deringer and Sullivan & Cromwell are advising on this year’s first mega IPO in Hong Kong – that of the city’s biggest electricity distributor.
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Krishnan Nair |
The firm started trading its shares on Friday (March 15), closing at a modest 1.7 percent premium.
Kirsty Dougan joins Vario as Asia managing director based in Hong Kong.
Andrew Messios |
The magic circle firm is switching up its presence in the Big Apple.
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