Hygeia Healthcare Holdings Co., Limited’s US $282 Million Hong Kong IPO

Clifford Chance has advised Morgan Stanley, Haitong International Securities and Huatai Financial Holdings as the lead underwriters on Hygeia Healthcare Holdings Co., Limited’s US$282 million IPO and listing on the main board of the Stock Exchange of Hong Kong. O’Melveny & Myers LLP represented Hygeia Healthcare Holdings Co.

Hygeia Healthcare is a Chinese oncology healthcare group based in Shanghai. The public tranche of this offering attracted more than 300,000 applications with over 600 times oversubscription, making it one of most sought after IPOs this year.

Hygeia Healthcare Holdings Co., Limited provides oncology healthcare services. The Company offers radiotherapy center consulting services, radiotherapy equipment maintenance and technical support services, managing and operating services, and more. Hygeia Healthcare Holdings conducts businesses in China.

Fang Liu (Picture) and partner Tianning Xiang co-led the deal and were supported by counsel Lorna Lyu, senior associate Erxin Lu, associates Emma Bao, Alex Feng and Haoze Zheng, and trainees Jiawei Zhao, Astrid Zhuang and Ada Zheng.

The O’Melveny team was led by partners Ke Geng and Ke Zhu, and included counsel Yiming Liu and Qianyu Hu, legal consultant Jenny Wang. Valuable support was provided by the San Francisco, Los Angeles, Silicon Valley and New York offices.

Involved fees earner: Emma Bao – Clifford Chance; Liu Fang – Clifford Chance; Alex Feng – Clifford Chance; Erxin Lu – Clifford Chance; Lorna Lyu – Clifford Chance; Tianning Xiang – Clifford Chance; Haoze Zheng – Clifford Chance; Ke Geng – O’Melveny & Myers LLP; Qianyu Hu – O’Melveny & Myers LLP; Yiming Liu – O’Melveny & Myers LLP; Ke Zhu – O’Melveny & Myers LLP;

Law Firms: Clifford Chance; O’Melveny & Myers LLP;

Clients: Haitong International Securities Group Limited; Huatai Financial Holdings Limited; Hygeia Healthcare Holdings Co; Morgan Stanley;

Author: Michael Patrini