Firm Represents Underwriters in US$90.3 Million NASDAQ IPO of Sungy Mobile Limited
12.03.13
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The Hong Kong office of the Firm represented the underwriters, led by Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, in connection with the initial public offering and listing on the Nasdaq Global Market of American depositary shares (“ADSs”) of Sungy Mobile Limited (“Sungy”). The offering of 8,050,000 ADSs (including 1,050,000 ADSs pursuant to the exercise of the underwriters’ over-allotment option), each representing six Class A ordinary shares, raised an aggregate of US$90.3 million.
Sungy is a leading provider of mobile internet products and services globally. Its ADSs are traded on the Nasdaq Global Market under the ticker symbol “GOMO”.
The Simpson Thacher team for the transaction included Leiming Chen, Kevin Zhang, Yi Gao and Biyuan Zhang (Corporate); Jennie Getsin (FINRA); and Jon Cantor and Michael Cardella (Tax).