News & Events

The Firm represented Inke Limited (“Inke”) in connection with its initial public offering in Hong Kong and Regulation S offering of an aggregate of 302,340,000 shares (prior to the exercise of the overallotment option), which raised HK$1.2 billion (approximately US$149.2 million) in gross proceeds. The shares of Inke are listed on the Hong Kong Stock Exchange. China International Capital Corporation Hong Kong Securities Limited, Citigroup Global Markets Asia Limited and Deutsche Securities Asia Limited acted as the joint sponsors. China International Capital Corporation Hong Kong Securities Limited, Deutsche Bank AG, Hong Kong Branch and Citigroup Global Markets Asia Limited acted as the joint global coordinators.

Inke is a leading mobile live streaming platform in China, especially popular among young and active customers with strong spending power. Inke was the largest mobile live streaming platform in China in terms of average monthly active streamers in 2017 and the second largest in terms of revenue in 2017.

The Simpson Thacher team for the transaction included Chris Lin, Celia Lam, David Lee, Cora Lei and Ye Sun (Corporate).