Smoore Completes HK$7.1 Billion Hong Kong IPO and Rule 144A/Regulation S Offering
07.13.20
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Simpson Thacher represented Smoore International Holdings Limited (“Smoore”) in connection with its initial public offering and Rule 144A and Regulation S offering. Smoore offered an aggregated of 574,352,000 shares prior to the exercise of the underwriters’ overallotment option. The base offering size was around HK$7.1 billion (approximately US$913 million). The shares of Smoore are listed on the main board of the Hong Kong Stock Exchange. Citic Securities acted as the sole sponsor, joint global coordinator and joint bookrunner.
Smoore is a global leader in offering vaping technology solutions with advanced R&D technology, strong manufacturing capacity, wide-spectrum product portfolio and diverse customer base. According to industry report, Smoore was the world’s largest vaping device manufacturer in terms of revenue in 2019.
The Simpson Thacher team for the transaction included Christopher Wong, Marjory Ding, Vincy Huang and June Hu (Capital Markets); and Jonathan Cantor (Tax).