Skadden, Arps, Slate, Meagher & Flom and Grandall Law Firm have advised Chinese real estate services firm E-House on its $586 million IPO on the Hong Kong Stock Exchange, with Freshfields Bruckhaus Deringer and Fangda Partners representing the joint sponsors.

E-House, China’s leading real estate transaction service provider, intends to use the proceeds from the IPO to further develop its data systems, expand its geographical coverage to an additional 52 cities and improve its capacity in existing service centres.

The IPO comes nearly two years after E-House delisted from the New York Stock Exchange following a take-private agreement.

The Skadden team was led by partners Julie Gao and Christopher Betts. Maples and Calder, led by partner Derrick Kan, advised E-House on offshore law.

The joint sponsors were China International Capital Corporation and Credit Suisse.

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