The Firm recently represented the underwriters, led by Goldman Sachs (Asia) L.L.C., in connection with the offering by Qunar Cayman Islands Limited (“Qunar”) of 6,842,106 American depositary shares (the “ADSs”) (which includes 315,790 ADSs pursuant to the underwriters’ exercise of the over-allotment option), representing 20,526,318 ordinary shares, for an aggregate of approximately US$325 million.
Qunar is China’s leading mobile and online travel platform and its ADSs are listed and traded on the NASDAQ Global Market under the ticker symbol “QUNR.”
The Firm previously represented the underwriters, led by Goldman Sachs (Asia) L.L.C., Deutsche Bank Securities Inc. and Stifel, Nicolaus & Company, Incorporated, in connection with the initial public offering on the NASDAQ Global Market of the ADSs of Qunar, which closed on November 6, 2013.
The Simpson Thacher team for the transaction included Leiming Chen, David Lee and Bruce Sun (Corporate); Michael Badain (Tax); and Jennie Getsin (FINRA).