Sidley Austin and Freshfields led on Evergrande Property’s HKEx IPO
Evergrande Property Services Group Limited has successfully launched its IPO in the Hong Kong Stock Exchange, raising a total fund of $1.86 billion. Sidley Austin and King & Wood Mallesons advised Evergrande Property Services, while Commerce & Finance and Freshfields Bruckhaus Deringer advised the underwriters.
Evergrande Property Services is one of the largest and fastest-growing comprehensive property management service providers in China. Among the country’s top 100 property management companies, it ranks second in terms of the number of cities covered by its projects, and third in terms of total revenue, total gross profits and total net profits. It manages a diverse portfolio of properties, including mid-to-high-end residential properties, office buildings and commercial properties, and others including theme parks, industrial parks, healthcare complexes, themed towns and schools.
The KWM team was led by partners Wang Lixin and Sun Haotian. The Sidley Austin team was led by Constance Choy, a member of Sidley’s Management Committee and Executive Committee, the managing partner for the Asia Pacific region and the senior partner in the Hong Kong office, partner Carrie Li and partner Sherlyn Lau.
The Freshfields team was led by partner and China chairman Teresa Ko, partner and head of China ECM Richard Wang and partner Calvin Lai.
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