News & Events

The Hong Kong and Beijing offices of the Firm represented Phoenix New Media Limited (“Phoenix New Media”) in connection with its initial public offering and listing on the New York Stock Exchange of 12,767,500 American Depositary Shares, each representing eight Class A ordinary shares.  Phoenix New Media and the selling shareholders raised a total of US$140.4 million in gross proceeds from the offering, assuming no exercise of the greenshoe option.  Morgan Stanley, Deutsche Bank Securities and Macquarie Capital acted as the joint bookrunners for the offering.  The ADSs of Phoenix New Media are traded on the New York Stock Exchange under the ticker symbol "FENG."

Phoenix New Media is a leading new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China.  The Beijing-based company is a wholly owned subsidiary of Phoenix Satellite Television Holdings Limited, a leading Chinese language TV network based in Hong Kong.

The Simpson Thacher team for the transaction included Chris Lin, Sandra Kister, Yu Wang, Yueting Liang and paralegal Dian Dai (Corporate), Jason Vollbracht, Vanessa Cohen and Adam Wells (Tax).  John Lobrano, Glenn Reiter, Michael Nathan, Blake Dunlap, Daniel Fertig, Bridget Huang and paralegal Jane Lee also provided valuable assistance.