Skip To The Main Content

News & Events

Matter Highlights Go Back

Firm Represents Underwriters in US$81.9 Million NASDAQ IPO of YY Inc.

11.30.12

The Hong Kong office of the Firm represented the underwriters, led by Morgan Stanley & Co. International plc, Deutsche Bank Securities Inc. and Citigroup Global Markets Inc., in connection with the initial public offering and listing on the Nasdaq Global Market of American depositary shares (“ADSs”) of YY Inc. (“YY”), a China-based rich communication social platform. The offering of 7,800,000 ADSs, representing 156,000,000 Class A common shares, raised US$81.9 million (prior to exercise of the underwriters’ over-allotment option). The ADSs of YY are traded on the Nasdaq Global Market under the ticker symbol “YY”.

 

The Simpson Thacher team for the transaction included Leiming Chen, Blake Dunlap, Xiaohui Lin (Corporate); Jennie Getsin (FINRA); and Danny Salinas (Tax).