Simpson Thacher Represents Underwriters in HK$328.3 Million Hong Kong IPO and Regulation S Offering of Kaisa Property
12.14.18
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The Firm represented the underwriters in the initial public offering and Regulation S offering by Kaisa Property Holdings Limited (“Kaisa Property”). Kaisa Property offered an aggregate of 35,000,000 Shares (prior to the exercise of the overallotment option), which raised HK$328.3 million (approximately US$42.1 million) in gross proceeds. The shares of Kaisa Property are listed on the Hong Kong Stock Exchange, and is a spin off from Kaisa Group Holdings Ltd (stock code: 1638). CLSA Capital Markets Limited and ABCI Capital Limited acted as the joint sponsors. CLSA Limited and ABCI Capital Limited acted as the joint global coordinators.
Kaisa Property is a leading comprehensive property management service provider in China, focusing on mid- to high-end properties, in particular in the Guangdong-Hong Kong-Macau Bay Area and Yangtze River Delta.
The Simpson Thacher team for the transaction included Christopher Wong, Marjory Ding and Carol Chan (Capital Markets).