October 28, 2020

Ogier acts in Foxconn Industrial Internet Co Ltd IPO – China’s biggest IPO in year

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Ogier’s Hong Kong team have acted as counsel in connection with ’s RMB 27 billion (US$ 4.3 billion) initial public offering () on the Shanghai Stock Exchange.

Partner and Head of Corporate for Asia Nathan Powell and Senior Associate Carmen Leung provided and BVI legal advice for the IPO, which is China’s largest domestic listing since 2015.

Commenting on the listing, Nathan said:

“This was an exciting transaction to work on. Not only was it the largest since 2015 – and the fourth largest Chinese IPO in the past ten years – but Foxconn obtained regulatory approval in a record-breaking five weeks compared with the usual one to two year waiting period for most IPO applicants.”

Foxconn Industrial Internet, which makes electronic devices, cloud service equipment and industrial robots, is a subsidiary of the world’s largest contract manufacturer Foxconn.

 

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Ogier provides advice on the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg law through our network of offices that also includes Hong Kong, Shanghai and . We are the only law firm to advise on these five laws.

We get straight to the point, managing complexity to get to the essentials. It is a collaborative approach. We listen actively, asking the right questions, focused on what really matters. We deliver targeted, pragmatic advice with absolute clarity.

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