Dali Foods $1.2 billion HKSE IPO

Overview:

• Dali Foods has raised $1.2 billion through an IPO on the Hong Kong Stock Exchange (HKSE).
• The company offered 1.69 billion shares priced at HK$5.25 per share.
• The deal represents the largest IPO in the food and beverage sector since mid 2014.
• Cleary Gottlieb Steen & Hamilton, Jingtain & Gongcheng and Maples and Calder advised the issuer.
• Shearman & Sterling and King & Wood Mallesons acted for the sponsors.