Skadden, Arps, Slate, Meagher & Flom, Clifford Chance and CM Law Firm have represented Hong-Kong based Futu Securities International on its $90 million Nasdaq initial public offering, with Latham & Watkins and Han Kun Law Offices advising the underwriters.
Futu Securities International, founded in 2012, is a fully digitized brokerage platform that is backed by Tencent Holdings. Its IPO comes at a time when China’s market for online brokerage services is emerging and rapidly evolving. In 2018, the trading volume of China’s overseas online retail securities market reached $451.6 billion, with the figure expected to grow to nearly $1.8 trillion in 2023.
The Skadden team advising the issuer on U.S. law was led by partner Julie Gao, while the Clifford Chance team advising on Hong Kong law was led by Tim Wang and Fang Liu, supported by partners Mark Shipman and Virginia Lee. The CM Law Firm team advising the issuer on PRC law was led by partner Xiaoliang Wu.
世达国际、瑞生国际、高伟绅等共同助力富途证券美股上市
世达国际律师事务所、高伟绅律师事务所、澄明则正律师事务所代表富途证券在美国纳斯达克交易所正式挂牌，筹资9000万美元，瑞生国际律师事务所和汉坤律师事务所为承销商提供法律服务。
由腾讯战略投资的富途控股子公司富途证券成立于2012年，是一家完全数字化的经纪平台。此次IPO之际正值中国在线经纪服务市场正在兴起并发展迅猛。2018年，中国海外在线零售证券市场的交易量达到4516亿美元，预计2023年该市场规模将达至近1.8万亿美元。
在此次交易中，世达国际律师事务所团队为发行商提供美国法的法律服务，由合伙人高准律师主导；高伟绅律师事务所团队为发行商提供香港法的法律服务，由合伙人王彦峰律师和方刘律师主导，合伙人Mark Shipman和Virginia Lee提供大量支持；澄明则正律师事务所团队为发行商提供中国法的法律服务，由合伙人吴小亮律师带领。
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