Simpson Thacher represented Deutsche Bank Securities Inc., China International Capital Corporation Hong Kong Securities Limited, Canaccord Genuity LLC, ICBC International Securities Limited and Needham & Company, LLC.
The offering was comprised of 13,000,000 American Depositary Shares (“ADSs”), representing 10,000,000 Class A ordinary shares before exercise of the underwriters’ overallotment option. The base offering size was US$179.4 million.
So-Young is the most popular online destination for discovering, evaluating and reserving medical aesthetic services in China. So-Young aims to become the most trusted technology company in the broader consumption healthcare service industry. So-Young’s ADSs are traded on the Nasdaq Global Market under the symbol “SY.”
The Simpson Thacher team for the transaction included Chris Lin (Picture), Howie Farn and Cherrie Zhang (Capital Markets); Dmitry Zelik and Abigail Hopper (Tax); and Jennie Getsin (FINRA and Blue Sky).
Involved fees earner: Howie Farn – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Abigail Hopper – Simpson Thacher & Bartlett; Chris Lin – Simpson Thacher & Bartlett; Dmitry Zelik – Simpson Thacher & Bartlett; Cherrie Zhang – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;