Clifford Chance has maintained its top spot as the leading advisor on Hong Kong Stock Exchange initial public offerings in 2016.
The firm's Greater China team advised on 10 IPOs totalling US$15.293 billion. In 2015, Clifford Chance's Greater China team advised on a total of nine Hong Kong IPOs totalling US$13.5 billion. This was more than 40% of the total proceeds raised by all Hong Kong IPOs in 2015.
From 2012 to 2016, there were 31 IPOs with offering sizes of approximately US$1 billion in the Hong Kong IPO market and Clifford Chance advised on 18 of them, more than any other non-PRC legal advisor.
This year’s transaction which Clifford Chance advised on is led by Postal Saving Bank of China’s IPO valued at US$7.6 billion, the largest IPO globally for the year.
The law firm also advised on CR Pharmaceutical's US$1.8 billion IPO, China Merchants Securities' US$1.3 billion IPO and Everbright Securities' US$1.1 billion IPO.
The firm also advised on the following companies’ IPOs: China Securities (US$992 million), Bank of Tianjin (US$991 million), China Development Bank Leasing (US$800 million), Datang Environment Industry Group (US$250 million), COFCO Meat (US$250 million) and VPower Group (US$200 million).
The firm’s transactions for 2015 includes some of the largest Hong Kong IPOs during that year, including HTSC's US$5 billion IPO and GF Securities' US$4 billion IPO.
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