Practice Areas - Equity Capital Markets Law Firms and Lawyers
| Deal Date: | 23-01-2014 | Practice Area: | Equity Capital Markets |
| Deal Title: | Magnum Entertainment Group HKSE Initial Public Offering | Industry: | Travel & Leisure |
| Description: |
DLA Piper advised the sponsor and underwriters of Magnum Entertainment Group Holdings Limited (Magnum Entertainment) on its HKD126 million flotation on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 2080). Magnum Entertainment is the operator of the largest group of clubbing venues in Hong Kong, by gross floor size and premise capacity.
Magnum Entertainment initially offered 84,000,000 shares in aggregate with 75,600,000 (or 90% of the offer shares) for international placing and 8,400,000 (the remaining 10%) for public offering in Hong Kong. The listing offer price was HKD1.5 per share, the upper end of the offer price, and the public tranche was more than 3,500 times oversubscribed.
The DLA Piper team was led by Mike Suen (partner), David Cheng (associate) and Tiffany Tse (trainee).
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| Financial Center: | Hong Kong | Value: | 100.01-500.00 |
| Advised Party: | Underwriter | Law Firm | DLA Piper |
| Issuer Jurisdiction- | Hong Kong | Listing Jurisdiction- | Hong Kong |
| Classification: |
Initial Public Offerings Hong Kong Stock Exchange |
Lawyer | Mike Suen |
