Simpson Thacher Represents Underwriters in the US$110 Million NASDAQ IPO of Baozun Inc.
05.29.15
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The Hong Kong office of the Firm represented the underwriters, Morgan Stanley, Credit Suisse and BofA Merrill Lynch, in connection with the initial public offering and listing on the NASDAQ Global Select Market of American depositary shares (ADSs) of Baozun Inc. (“Baozun”). The offering of 11,000,000 ADSs, representing 33,000,000 Class A ordinary shares, raised US$110 million of gross proceeds to Baozun before exercise of the greenshoe.
Baozun is a leading e-commerce solutions provider in China, with a market share of approximately 20% as measured by transaction value in 2014. Its ADSs are traded on the NASDAQ Global Select Market under the ticker symbol “BZUN.”
The Simpson Thacher team for the transaction included Leiming Chen, Yi Gao, Bruce Sun and Shuyuan Sun (Corporate); Jennie Getsin (FINRA); and Jonathan Cantor and Michael Badain (Tax).