Wanka Online Inc.’s $34.9 Million Initial Public Offering

Simpson Thacher represented the underwriters in the initial public offering and Rule 144A/Regulation S offering by Wanka Online Inc. (“Wanka Online”). Wanka Online offered an aggregate of 76,390,000 Shares, which raised HK$271.9 million (approximately US$34.9 million) in gross proceeds.

The shares of Wanka Online are listed on the Hong Kong Stock Exchange. China International Capital Corporation Hong Kong Securities Limited, ICBC International Capital Limited and Macquarie Capital Limited acted as joint sponsors and joint global coordinators.

Wanka Online is a fast-growing technology company in the mobile Internet market, helping connect businesses from various industries to Andriod-based smartphone users in China.

The Simpson Thacher team for the transaction included Chris Lin (Picture), Christopher Wong, Yi Gao, Ye Sun, Chenjing Shen, Michelle Leung and Sarah Tang (Capital Markets).

Involved fees earner: Yi Gao – Simpson Thacher & Bartlett; Michelle Leung – Simpson Thacher & Bartlett; Chris Lin – Simpson Thacher & Bartlett; Chenjing Shen – Simpson Thacher & Bartlett; Ye Sun – Simpson Thacher & Bartlett; Sarah Tang – Simpson Thacher & Bartlett; Christopher Wong – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: China International Capital Corporation Limited (CICC); ICBC International Capital; Macquarie Capital;