Simpson Thacher Represents Underwriters in the NYSE IPO of Onion Global
05.12.21
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Simpson Thacher represented the underwriters in connection with the initial public offering and listing on the New York Stock Exchange of Onion Global Limited (“Onion Global”). The offering comprised 9,310,350 American Depositary Shares (“ADSs”), representing 931,035 Class A ordinary shares, before exercise of the underwriters’ overallotment option. The base offering size was US$67.5 million. AMTD Global Markets Limited and Huatai Securities (USA) acted as representatives of the underwriters.
Onion Global is a next-generation lifestyle brand platform that incubates, markets and distributes the world’s fresh, fashionable and future brands (“3F brands”) to young people in China and across Asia. As a leading retail and lifestyle brand platform, Onion Global offers customers a wide selection of lifestyle goods and services and a one-stop convenience to enhance customers’ online shopping experience. Onion Global’s ADSs are traded on the New York Stock Exchange under the symbol “OG.”
The Simpson Thacher team for the transaction included Yi Gao, Chenjing Shen and Keng-Wen Lin (Capital Markets); Jonathan Cantor and Scott Grundei (Tax); and Jennie Getsin (FINRA).