BeiGene Ltd.’s $903 Million Public Offering on the Hong Kong Stock Exchange

Davis Polk advised the underwriters and the joint global coordinators in the public offering of BeiGene, Ltd. on the Hong Kong Stock Exchange. The gross proceeds from the offering amounted to approximately HK$7.08 billion (US$903 million) prior to the exercise of the over-allotment option.

Morgan Stanley and Goldman Sachs (Asia) L.L.C. acted as Joint Sponsors, Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers. Credit Suisse and CLSA acted as Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers.

BeiGene, Ltd. is a commercial-stage biopharmaceutical company focused on developing and commercializing innovative molecularly-targeted and immune-oncology drugs for the treatment of cancer. The ADSs of BeiGene, Ltd. are listed for trading on the NASDAQ under the symbol “BGNE.”

The Davis Polk corporate team included partners Bruce K. Dallas (Picture), Paul Chow and Bonnie Y. Chan, counsel Yang Chu, associates Jeffrey C. Lau, Josephine Chen, Dongbiao Shen and Barbara Wang and registered foreign lawyer Xuelin (Steve) Wang. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Partner David R. Bauer and associate Tilak Koilvaram provided advice on intellectual property and technology matters.

Involved fees earner: Bruce Dallas – Davis Polk & Wardwell; Paul Chow – Davis Polk & Wardwell; Bonnie Chan – Davis Polk & Wardwell; Yang Chu – Davis Polk & Wardwell; Jeffrey Lau – Davis Polk & Wardwell; Josephine Chen – Davis Polk & Wardwell; Dongbiao Shen – Davis Polk & Wardwell; Barbara Wang – Davis Polk & Wardwell; Xuelin Wang – Davis Polk & Wardwell; Alon Gurfinkel – Davis Polk & Wardwell; Omer Harel – Davis Polk & Wardwell; David Bauer – Davis Polk & Wardwell; Tilak Koilvaram – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Credit Suisse; Goldman, Sachs & Co.; Morgan Stanley; CLSA;


Author: Michael Patrini