Firm Wire items are announcements made by the firms themselves. The desk confirms that the announcement was published and reproduces its factual content. It does not verify the claims in it, and publication is not an endorsement.
Clifford Chance says it advised the sponsor and underwriters on Transsion’s Hong Kong IPO
Clifford Chance said it advised sole sponsor CITIC Securities and the underwriters on Shenzhen Transsion Holdings’ Hong Kong initial public offering. The firm said the Main Board listing raised approximately $390 million. Paul Hastings said it advised Transsion on the offering and helped draft the prospectus.
Key points
- Clifford Chance said Tim Wang, Virginia Lee, Jean Thio and Janet Fok co-led its transaction team.Clifford Chance
- The firm identified TECNO, Infinix and itel among Transsion’s mobile phone brands.Clifford Chance
- Paul Hastings said the offering raised approximately HK$3.05 billion, which it stated as US$392 million.Paul Hastings
- Paul Hastings said Raymond Li, Quan Zhou and Chongming Ma led its team.Paul Hastings