Doumob’s $10.4 Million Initial Public Offering

Sidley was the Hong Kong legal counsel to China Securities (International) Corporate Finance Company Limited as the sole sponsor to the listing and the sole global coordinator to the offering, together with China Securities (International) Corporate Finance Company Limited, Haitong International Securities Company Limited, Ruibang Securities Limited, Essence International Securities (Hong Kong) Limited, Chuenman Securities Limited, Koala Securities Limited and Zundiao Securities Limited as the underwriters.

Doumob (HKEX: 1917) was successfully listed on the Main Board of the Stock Exchange of Hong Kong Limited.

The global offering raised approximately HK$81.1 million (approximately US$10.4 million).

Doumob is the second largest interactive advertising company in China in terms of 2017 revenue.

The Sidley team was led by partners Constance Choy (Picture) and Kefei Li, with support from counsels Claudia Yu and Michael Yu, associate Jia Li, China advisors Pianpian Chen, Bryan Zhu and Chris Wang and legal assistant Junyi Li.

Involved fees earner: Pianpian Chen – Sidley Austin LLP; Constance Choy – Sidley Austin LLP; Kefei Li – Sidley Austin LLP; Jia Li – Sidley Austin LLP; Claudia Yu – Sidley Austin LLP; Michael Yu – Sidley Austin LLP; Bryan Zhu – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: China Securities Co. Ltd; Chuenman Securities; Essence International Financial Holdings Limited; Haitong International Securities Group Limited; Koala Securities; Ruibang Securities Limited; Zundiao Securities;

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Author: Michael Patrini