Baozun Completes HK$3.316 Billion Hong Kong Secondary Listing
10.12.20
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The Firm represented Baozun Inc. (“Baozun”) (NASDAQ; BZUN; HKEX: 9991) in connection with its global offering and secondary listing of Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (the “SEHK”). Baozun offered an aggregate of 40,000,000 Class A ordinary shares pursuant to Chapter 19C, a regime introduced by the SEHK to attract listings by high profile issuers that are already listed on the U.S. and London stock exchanges. Each of Baozun’s American depositary shares represents three Class A ordinary shares. The offering raised gross proceeds of HK$3.316 billion (approximately US$425.1 million) before the exercise of the underwriters’ overallotment option. Citigroup Global Markets Asia Limited, CMB International Capital Limited and Credit Suisse (Hong Kong) Limited acted as the joint sponsors, joint global coordinators, joint bookrunners and joint lead managers for the global offering.
Baozun is the leader and a pioneer in the brand e-commerce service industry in China. Baozun empowers a broad and diverse range of brands to grow and succeed by leveraging its end-to-end e-commerce service capabilities, omni-channel coverage and technology-driven solutions. Its integrated one-stop solutions address all core aspects of the e-commerce operations covering IT solutions, online store operations, digital marketing, customer services, and warehousing and fulfillment.
The Simpson Thacher team for the transaction included Christopher Wong, Yi Gao, Michelle Leung and Chenjing Shen (Capital Markets); and Jonathan Cantor and Scott Grundei (Tax).