Firm Represents Morgan Stanley in US$216 Million Nasdaq IPO of CNinsure
11.19.07
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The Firm represented Morgan Stanley, as representative of the other underwriters, in connection with the initial public offering on the Nasdaq Global Market of CNinsure Inc. (“CNinsure”), a leading insurance agency and brokerage operating in China. The offering of 13,526,773 American depositary shares, representing 270,535,460 ordinary shares, including the full exercise of the over-allotment option, by CNinsure and certain selling shareholders raised an aggregate US$216.4 million.
The Simpson Thacher team for the transaction included Leiming Chen, Daniel Fertig, Blake Dunlap and Stuart Orsak (Hong Kong – Corporate), Wei Cui and Jason Vollbracht (Tax), Mark Lab and Sean Cotton (FINRA and Blue Sky).