China Domestic IPO Issuer Advisors - H1 2010

 
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

Related stories: