Qeeka Home’s $150.5 Million Hong Kong IPO and Rule 144A/Regulation S Offering

Simpson Thacher represented the underwriters in the initial public offering in Hong Kong and Rule 144A/Regulation S offering by Qeeka Home (Cayman) Inc. (“Qeeka Home”). Qeeka Home offered an aggregate of 242,030,000 Shares (prior to the exercise of the overallotment option), which raised US$150.5 million in gross proceeds.

The shares of Qeeka Home are listed on the Hong Kong Stock Exchange. Goldman Sachs (Asia) L.L.C. and CLSA Capital Markets Limited acted as the joint sponsors. Goldman Sachs (Asia) L.L.C. and CLSA Limited acted as joint global coordinators, joint bookrunners and joint lead managers.

Qeeka Home is the largest interior design and construction online platform in China. Its online platform connects multiple players in the interior design and construction market and uses advanced technologies to match its users with service providers who fit the users’ specific needs.

The Simpson Thacher team for the transaction included Chris Wong (Picture), Chris Lin, Tao Li, Brian Mathes and Margaret Li (Corporate); and Jonathan Cantor and Pierce Pandolph (Tax).

Involved fees earner: Christopher Wong – Simpson Thacher & Bartlett; Chris Lin – Simpson Thacher & Bartlett; Tao Li – Simpson Thacher & Bartlett; Brian Mathes – Simpson Thacher & Bartlett; Margaret Li – Simpson Thacher & Bartlett; Jonathan Cantor – Simpson Thacher & Bartlett; Pierce Pandolph – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Goldman, Sachs & Co.; CLSA Limited;

Author: Michael Patrini