BOCOM International Holdings Co., Ltd. (ticker: “BOCOM International”; stock code: 3329) launched an initial public offering (IPO) on the mainboard of the Hong Kong Stock Exchange (HKEx) on May 19 2017, with a base issue size of 667 million shares and an issuance price of HK$2.68 per share. A total of approximately HK$1.68 billion was raised through the IPO. King & Wood Mallesons acted as the Chinese legal advisor to the issuer, BOCOM International, and provided a full suite of professional legal services regarding foreign stock listings of spinoffs of A+H-share listed companies. Its advisor team was led by two partners, WANG Jianxue and LIU Dongya. Freshfields Bruckhaus Deringer and Maples and Calder acted as the foreign legal advisors to the issuer. JunHe LLPand Clifford Chance respectively acted as the Chinese and foreign legal advisors to underwriters.
The IPO involved separately floating a spinoff of Bank of Communications Co., Ltd., a company listed on both the A-share and the H-share markets, on the HKEx’s mainboard. After the IPO, BOCOM International has become the first Chinese bank-owned securities company listed in Hong Kong.
