Meitu, Inc.’s $629 Million Initial Public Offering


Kirkland & Ellis represented the eight investment banks acting as underwriters in the US$629 million global offering and listing on the Hong Kong Stock Exchange of Meitu, Inc., a leading PRC mobile Internet company.

The listing, which was the largest in Hong Kong by a technology company since Alibaba’s B2B unit went public in 2007, took place on December 15, 2016. Kirkland clients in the transaction included Morgan Stanley, Credit Suisse and China Merchant Securities as joint sponsors, joint global coordinators, joint bookrunners and joint lead managers, as well as CCB International Capital as joint global coordinator, joint bookrunner and joint lead manager, CMB International Capital and UBS as joint bookrunners and joint lead managers and Head & Shoulders Securities and Futu Securities International as joint lead managers.

The Kirkland team was led by Hong Kong corporate partners Dominic Tsun (Picture), David Zhang, Li-Chien Wong and Judy Yam and Beijing corporate partner Steve Lin.

Conyers Dill & Pearman provided Cayman Islands law advice to Meitu, Inc with a team including David Lamb and Associate Angie Chu.

Involved fees earner: David Lamb – Conyers Dill & Pearman; Angie Chu – Conyers Dill & Pearman; Dominic Tsun – Kirkland & Ellis; David Zhang – Kirkland & Ellis; Li-Chien Wong – Kirkland & Ellis; Judy Yam – Kirkland & Ellis; Steve Lin – Kirkland & Ellis;

Law Firms: Conyers Dill & Pearman; Kirkland & Ellis;

Clients: Credit Suisse; Morgan Stanley; UBS; CCB International; China Merchants Securities ; Head & Shoulders Securities Ltd; Futu Securities International; Meitu, Inc. ;

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Author: Michael Patrini