根据彭博资讯统计,金杜和国浩近期分别荣登国内IPO发行人法律顾问排行榜榜首(按融资总额和项目总数计算)。金杜于2010年上半年内作为发行人律师参与共17项IPO融资总额达250亿人民币,而国浩则参与了共22项IPO的发行。

紧跟其后的是北京天银, 嘉源, 中伦和通商等律师事务所。

China Domestic IPO Issuer Advisors

 
Firm (Ranked by total deal value)
Mkt share (%) Volume CNY (Million) Firm (Ranked by deal count)
1 King & Wood 12.3
25,204
Grandall
2
Beijing Tianyin
12.1
24,754
King & Wood
3
Grandall
10.9
22,273
Beijing Tianyin
4
Jia Yuan
6.5
13,185
Zhonglun
5
Zhonglun
5.9
12,041
Jingtian & Gongcheng
6
Commerce & Finance
5.3
10,837
AllBright
7
Jingtian & Gongcheng
3.2
6,603
Tian Yuan
8
AllBright
3.2
6,564
DeHeng (Beijing)
9
Tian Yuan
2.7
5,524
V&T
10
DeHeng (Beijing)
2.6
5,393
Beijing Kang Da
11
V&T Law Firm
2.3
4,604
Beijing Grandfield
12
Beijing Kang Da
2.1
4,345
Jia Yuan
13
Kaiwen
2.0
3,998
Kaiwen
14
Dacheng
1.8
3,606
Dacheng
15
Zhongyin
1.7
3,559
Xinda
16
Jun He
1.2
2,427
JunZeJun
17
China Commerce Law Co
1.2
2,410
Commerce & Finance
18
Xinda
1.2
2,371
Zhongyin
19

 JunZeJun

1.0
2,090
Jun He
20
J.D Handa
1.0
2,070
China Commerce Law Co
Source: Bloomberg

King & Wood topped the Bloomberg charts for top China domestic IPO issuer advisors (by total deal value) for the first half of 2010. Hot on its heels were Beijing Tianyin, Grandall, Jia Yuan and Zhong Lun.

King & Wood has advised on many IPOs since the start of this year, among them those of HeT (Shenzhen SME board) raising RMB541m and Hangyang Ltd (Shenzhen Stock Exchange) raising RMB1.3bn.

Runner-up Grandall has also recently advised on some major IPO transactions – for example, Industrial Securities on its US$500m IPO on the Shanghai Stock Exchange. The firm surpassed King & Wood in terms of the number, but not the value of transactions completed.

The firms have also recently been rubbing shoulders in the M&A league tables. In Mergermarket’s latest top ten legal advisors in terms of Greater China M&A deal volume, King & Wood took fourth spot (total deal value US$1.4bn) with Grandall sixth spot (US$630m). ALB

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