Simpson Thacher Represents Underwriters in the NYSE IPO of OneConnect
12.18.19
This is only gets display when printing
Simpson Thacher represented the underwriters in connection with the initial public offering and listing on the New York Stock Exchange of OneConnect Financial Technology Co., Ltd. (“OneConnect”). The offering was comprised of 31,200,000 American Depositary Shares (“ADSs”), representing 93,600,000 ordinary shares before exercise of the underwriters’ overallotment option. The base offering size was US$312 million. Morgan Stanley, Goldman Sachs (Asia) L.L.C., J.P. Morgan, Ping An of China Securities (Hong Kong) Company Limited, BofA Securities and HSBC acted as joint bookrunners and the representatives of the underwriters.
OneConnect is a leading technology-as-a-service platform for financial institutions in China. Its platform provides cloud-native technology solutions that integrate extensive financial services industry expertise with market-leading technology. OneConnect’s ADSs are traded on the New York Stock Exchange under the symbol “OCFT.”
The Simpson Thacher team for the transaction included Chris Lin, Daniel Fertig, Yi Gao, Kai Fan and Quan Zhou (Capital Markets); Jonathan Cantor and Edward Grais (Tax); and Jennie Getsin (FINRA).