MOGU Inc. $61.8 Million Initial Public Offering

Davis Polk advised the underwriters on the SEC-registered initial public offering by MOGU Inc. of 4,750,000 American Depositary Shares, each representing 25 Class A ordinary shares, for total net proceeds of $61.8 million. Skadden, Arps, Slate, Meagher & Flom LLP advised MOGU on US Law, Maples and Calder (Hong Kong) LLP with respect to matters governed by Cayman Islands law and CM Law Firm with respect to matters governed by PRC law.

Morgan Stanley, Credit Suisse and China Renaissance actedd as underwriters oon the offering.

MOGU has granted the underwriters an option to purchase up to an additional 712,500 ADSs. The ADSs are listed on the NYSE under the symbol “MOGU.”

MOGU is a leading online fashion and lifestyle destination in China. It provides young people with a more accessible and enjoyable shopping experience for everyday fashion, particularly as they increasingly live their lives online. Through innovative use of content, MOGU’s platform provides a vibrant and dynamic community for people to discover and share the latest fashion trends with others, and offers users a truly comprehensive shopping experience.

The Davis Polk corporate team included partners James C. Lin (Picture) and Li He and registered foreign lawyer Kevin Zhang. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice.

Involved fees earner: Marcie Goldstein – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Omer Harel – Davis Polk & Wardwell; Li He – Davis Polk & Wardwell; James Lin – Davis Polk & Wardwell; Kevin Zhang – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: China Renaissance Securities Limited; Credit Suisse; Morgan Stanley;