Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 11-06-2020 | Practice Area: | Equity Capital Markets |
| Deal Title: | NetEase, Inc. Secondary Listing and Initial Public Offering on the Hong Kong Stock Exchange | Industry: | Media |
| Description: |
Davis Polk advised the underwriters in the secondary listing and initial public offering of NetEase, Inc. on the Hong Kong Stock Exchange. The gross proceeds from the global offering amounted to approximately HKD20.9 billion (USD2.7 billion) prior to the exercise of the over-allotment option. NetEase is a leading internet technology company based in China. It develops and operates some of China's most popular mobile and PC-client games. Its other innovative service offerings include the intelligent learning services offered by its subsidiary, Youdao, Inc. (NYSE: DAO), music streaming through its leading NetEase Cloud Music business and private label e-commerce platform, Yanxuan. The ADSs of NetEase are listed on the Nasdaq under the ticker symbol NTES.
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| Financial Center: | Hong Kong | Value: | 1000.01-5000.00 |
| Advised Party: | Underwriter | Law Firm | Davis Polk |
| Issuer Jurisdiction- | China | Listing Jurisdiction- | Hong Kong |
| Classification: |
Initial Public Offerings Hong Kong Stock Exchange |
Lawyer | James C Lin |
