First Service’s US$76.9 Million IPO

Sidley Austin LLP advised Haitong International Securities Company Limited on the deal.

First Service Holding Limited announced its initial public offering on the Main Board of The Stock Exchange of Hong Kong.The offering has raised a total of HK$600 million (US$76.9 million). Haitong International Securities Company Limited acted as sole sponsor.

First Service is a leading property management service provider in China. It promotes comfortable living through technological innovation and provides customers with digitally connected, green and healthy living experiences in residential and non-residential properties. First Service is recognized by China Index Academy (CIA) as one of the Top 100 Property Management Companies 2020 by Service Quality.

The Sidley team was led by partners Sherlyn Lau (Picture) and Renee Xiong. Other team members included senior associates Ariel Lin and Jia Li, associate Anita Wu, senior legal assistant Grace Hua, and legal assistants Jianwen Wang, Elena Wu, and Le Li.

Involved fees earner: Grace Hua – Sidley Austin LLP; Sherlyn Lau – Sidley Austin LLP; Jia Li – Sidley Austin LLP; Ariel Lin – Sidley Austin LLP; Anita Wu – Sidley Austin LLP; Renee Xiong – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: Haitong International Securities Group Limited;

Author: Michael Patrini