Simpson Thacher Represents Underwriters in Connection with the U.S. IPO of Q&K
11.19.19
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Simpson Thacher represented the underwriters, Morgan Stanley and CICC, in connection with the initial public offering and listing on the Nasdaq Global Market of Q&K International Group Limited (“Q&K”). The offering comprised 3,105,000 American Depositary Shares (“ADSs”), representing 93,150,000 Class A ordinary shares. The offering size was US$52.785 million.
Q&K is a leading technology-driven long-term apartment rental platform in China. Q&K’s ADSs are traded on the Nasdaq Global Markets under the symbol “QK”.
The Simpson Thacher team for the transaction included Chris Lin, Kai Fan and Sarah Tang (Capital Markets); and Jonathan Cantor and Sergio A. Torres (Tax).