奥睿，海问以及Conyers Dill & Pearman近日成功完成中国最大的儿童用品企业博士蛙国际控股有限公在香港交易所的IPO及上市项目。

The surge in the Hong Kong capital markets continues with the US$320m initial public listing of Shanghai-based children’s product manufacturer, Boshiwa International, on the main board of the Hong Kong Stock exchange.  

According to Orrick lead partner Edwin Luk, the firm expects to see a strong pipeline of continued growth in this area.

"This is one of the most sought-after deals in the Chinese consumer industry and its success highlights the strength of investor appetite in Hong Kong and globally for Chinese companies with good growth potential,” Luk said.

The offering, which took place on 29 September 2010, was jointly underwritten by UBS AG, Credit Suisse, BOCOM International and Deutsche Bank.

Boshiwa ranked first in 2009 in terms of total revenue in the mid-to high-end children’s product market in China.

Private equity fund Trust Bridge Partners provided pre-IPO financing to Boshiwa.

“As the markets continue to improve, we expect to see more Chinese companies with similar profiles to Boshiwa, which is private equity invested and in the Chinese consumer industry, tap the capital markets in Hong Kong,” Luk said.ALB

Other related stories:

• Orrick, Sidley clinch landmark transfer from LSE to HKSE (31 Aug 2010)
• IPO boom in Hong Kong – Paul Hastings, Maples and Orrick bring to market (8 Oct 2010)