Simpson Thacher Represents Underwriters in the US$87.1 Million NASDAQ IPO of Gridsum Holding Inc.
09.28.16
This is only gets display when printing
The Hong Kong office of the Firm represented the underwriters, Goldman Sachs, Citigroup and Stifel, in connection with the initial public offering and listing on the NASDAQ Global Select Market of American depositary shares (ADSs) of Gridsum Holding Inc. (“Gridsum”). The offering of 6,700,000 ADSs, representing 6,700,000 Class B ordinary shares, raised US$87.1 million of gross proceeds to Gridsum before exercise of the greenshoe.
Gridsum is a leading provider of sophisticated data analysis software for multinational and domestic enterprises and government agencies in China. Its ADSs are traded on the NASDAQ Global Select Market under the symbol “GSUM.”
The Simpson Thacher team for the transaction included Chris Lin, Daniel Fertig, Yi Gao and Kai Fan (Corporate); Jennie Getsin (FINRA); and Jasmine Hay (Tax).