International law firm Clifford Chance has maintained its top spot advising on the biggest initial public offerings on the Hong Kong Stock Exchange for 2016.
The firm's Greater China team advised on 10 initial public offerings (IPOs) totalling $15.293 billion. In 2015, Clifford Chance's Greater China team advised on a total of nine Hong Kong IPOs totalling $13.5 billion. This was more than 40 percent of the total proceeds raised by all Hong Kong IPOs in 2015.
Among the landmark listings Clifford Chance advised on was Postal Saving Bank of China’s IPO valued at $7.6 billion, the largest IPO globally for the year.
2017 Another Bumper Year?
The firm also advised on CR Pharmaceutical's $1.8 billion IPO, China Merchants Securities' $1.3 billion IPO and Everbright Securities' US$1.1 billion IPO.
«It has been very exciting and rewarding to work on these headline deals and we thank our clients for their support. I'm very proud of our team who has done a fantastic job this year. Their wide-ranging expertise has proven to be invaluable for our clients and we look forward to another successful year in 2017,» said Tim Wang China Co-Managing Partner.
The firm’s transactions for 2015 included some of the largest Hong Kong IPOs during that year, including HTSC's $5 billion IPO and GF Securities' US$4 billion IPO.
