Simpson Thacher Represents J.P. Morgan and Goldman Sachs in US$107 Million NYSE IPO of Ambow Education Holding Ltd.
10.15.10
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The Firm represented the underwriters, led by J.P. Morgan and Goldman Sachs, in connection with the initial public offering of American depositary shares by Ambow Education Holding Ltd. (“Ambow”), a leading national provider of educational and career enhancement services in China.
The offering of 10,677,207 American depositary shares, representing 21,354,414 ordinary shares, by Ambow and certain selling shareholders raised an aggregate of US$106.8 million. Ambow’s American depositary shares are listed and traded on the New York Stock Exchange under the symbol “AMBO”.
The Simpson Thacher team for the transaction included: Chris Lin, Kevin Zhang, Yi Gao, Ying Zhang and former associate Yilong Du (Capital Markets); Seojung Park (Tax); and Andrew Pagliughi and Jennie Getsin (FINRA/Blue Sky). Paralegal Vivien Mao provided valuable assistance.