Mobvista Inc.’s HK$425.9 Million Share Placement To GIC Private Limited

Ashurst advised Mobvista Inc. (HKEx: 1860) on the deal.

Mobvista Inc. (“Mobvista”, HKEx: 1860) placed 72,481,000 existing shares sold by the controlling shareholder at HK$5.90 per placing share and a HK$425.9 million top-up subscription by the controlling shareholder of 72,481,000 new shares.

The shares were successfully placed to existing shareholder GIC Private Limited, Singapore’s sovereign wealth fund with approximately US$488 billion assets under management. It is a significant strategic investment from GIC which demonstrate the strong growth potential in Mobvista. 

Mobvista is a leading technology platform primarily engaged in mobile marketing, data analytics, creative automation, monetization, and elastic cloud cost optimization. Ashurst has also advised on Mobvista’s HK$1.28 billion listing on the Hong Kong Stock Exchange in 2018 and the issuance of US$30 million convertible bonds earlier this year. 

The Ashurst team was led by partner Frank Bi (Picture), supported by Li Jiang, Albert Li and Vanessa Hung.

Involved fees earner: Frank Bi – Ashurst; Li Jiang – Ashurst; Albert Li – Ashurst;

Law Firms: Ashurst;

Clients: Mobvista;

Print Friendly, PDF & Email
Sonia Carcano

Author: Sonia Carcano