Firm Represents Underwriters Led by Goldman Sachs in US$123.98 Million Nasdaq IPO of AutoNavi
07.13.10
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The Firm represented the underwriters led by Goldman Sachs in connection with the initial public offering of American depositary shares, representing ordinary shares of AutoNavi Holdings Limited (“AutoNavi”), a leading provider of digital map content and navigation and location-based solutions in China. The offering of 9,918,750 American depositary shares, representing 39,675,000 ordinary shares, including the full exercise of the over-allotment option, by AutoNavi and certain selling shareholders raised an aggregate US$123.98 million. AutoNavi’s American depositary shares are listed and traded on the Nasdaq Global Select Market under the symbol “AMAP”.
The Simpson Thacher team for the transaction included Leiming Chen, Daniel Fertig, Ying Zhang and Wei Fang (Corporate), Aaron D. Cohen (Tax) and Andrew J. Pagliughi (FINRA and Blue Sky).