IFLR1000

China Literature HKSE IPO

10/7/2017
IPO
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$ 800 million

Announced

10/7/2017

Overview:

  • China Literature, an e-book company, has undertaken an IPO on HKSE.
  • The IPO is expected to raise $800 million.
  • 62% of China Literature is owned by Tencent, 12.2% by Trustbridge Partners and 6% by the media company Shanda Interactive.
  • Proceeds from the IPO will be used for future acquisitions. 

Katrin Kostadinova - Data analyst

Jurisdiction:

Hong Kong SAR

Deal type:

IPO

Practice area:

Capital markets : Equity

Governing law:

Hong Kong

Industry sector:

Technology and telecommunications

Firms:
Clifford Chance

Party: Bank of America Merrill Lynch (Sponsor)

Party: Credit Suisse (Sponsor)

Party: Morgan Stanley (Sponsor)

Lawyer: Tim Wang

Grandall Law Firm

Party: Bank of America Merrill Lynch (Sponsor)

Party: Credit Suisse (Sponsor)

Party: Morgan Stanley (Sponsor)

Han Kun Law Offices

Party: China Literature (Issuer)

Maples Group

Party: China Literature (Issuer)

Skadden Arps Slate Meagher & Flom

Party: China Literature (Issuer)

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