Lvji Technology Holdings Inc’s HK$561.6 Million IPO

Morrison & Foerster’s Hong Kong capital markets team has successfully completed the initial public offering (IPO) by Lvji Technology Holdings Inc. on the Hong Kong Stock Exchang

Lvji Technology is China’s largest online tour guide provider, providing users with illustrated map, editorial contents, and voiceover commentaries for points of interest at the tourist attractions.

The estimated gross proceeds from the IPO will be approximately HK$561.6 million (assuming the mid-point of the indicative range of the Offer Price of HK$1.50 to HK$2.12 per Offer Share is adopted and there is no exercise of Overallotment Option), equivalent to approximately US$72.05 million (assuming the exchange rate of HK$7.7951 to US$1.00 is adopted).

The MoFo team was led by Hong Kong Corporate partners Ven Tan (Picture) and Ke Huang, and included Hong Kong Corporate associates Diana Tan, Echo Shen, and Rina Charles.

Involved fees earner: Rina Charles – Morrison Foerster; Ke Huang – Morrison Foerster; Echo Shen – Morrison Foerster; Venantius Tan – Morrison Foerster; Diana Tan – Morrison Foerster;

Law Firms: Morrison Foerster;

Clients: Lvji Technology Holdings Inc;

Author: Michael Patrini