Jurisdiction - Hong Kong
Kirkland & Ellis Advising On Cogobuy Group’s Hong Kong IPO And Three Hong Kong Listings.

9 July, 2014


Kirkland & Ellis is representing UBS and Jefferies, as joint global coordinators and joint bookrunners, as well as the other underwriters in the initial public offering and listing on the Hong Kong Stock Exchange (HKSE) of Cogobuy Group, a leading e-commerce company based in China. Kirkland also advised on three Hong Kong listings which were all completed on July 9.


Cogobuy Group


The IPO of Cogobuy Group, a leading e-commerce company which operates the largest transaction-based e-commerce platform for electronic components in China, is priced at up to HKD 4.48 per share for a total offering size of up to USD 198m. The listing is expected to take place on July 18, 2014. Partners involved in the Cogobuy deal include partners Dominic Tsun, David Zhang, Li-Chien Wong and Benjamin Su.  


Luye Pharma


Kirkland also represented a private equity consortium, including CDH Capital, Citic Private Equity and New Horizon Capital, as selling shareholder in the USD 764m IPO of Luye Pharma Group Limited, a China-based pharmaceutical company which manufactures cancer, heart and gastrointestinal medications. The lead Kirkland partners on this Hong Kong listing was Dominic Tsun and Li-Chien Wong.


Tian Ge Interactive And Global Brands Group Limited


Social video platform Tian Ge Interactive Holdings Limited and fashion business Global Brands Group Holding Limited were also listed on the HKSE today, with Kirkland taking a lead role in both transactions. The Firm represented Tian Ge in its USD 208m IPO (before any exercise of the over-allotment option) and Goldman Sachs, Citigroup and HSBC as joint sponsors, in the listing by introduction of GBG – a spin-off of Hang Seng Index constituent stock Li & Fung.


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