Simpson Thacher Represents Underwriters in the NASDAQ IPO of Aurora Mobile
07.31.18
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Simpson Thacher represented the underwriters including, Goldman Sachs (Asia) L.L.C. and Credit Suisse, in connection with the initial public offering and listing on the NASDAQ Global Market of the American Depository Shares (ADSs) of Aurora Mobile Limited (“Aurora Mobile”). The offering of 9,060,000 ADSs, representing 6,040,000 Class A common shares, raised a total of US$71.7 million in gross proceeds from the IPO before the exercise of underwriters’ overallotment option.
Aurora Mobile is a leading mobile big data solutions platform in China. The company’s ADSs are traded on the NASDAQ Global Market under the symbol “JG.”
The Simpson Thacher team for the transaction included Chris Lin, Daniel Fertig, Kai Fan and Yi-Ping Chang (Capital Markets); and Jonathan Cantor and Caroline Phillips (Tax).