TI Cloud – HK$559.4 Million IPO

Hong Kong – June 30, 2022 – Cooley advised TI Cloud, a cloud-native customer contact solution provider, on its HK$559.4 million ($71.7 million) initial public offering of 43,530,000 shares (subject to an overallotment option to issue an additional 6,529,400 shares), which now trade on the Hong Kong Stock Exchange. Partners Michael Yu and Will Cai led the Cooley team advising TI Cloud, which also included Jie Zhang, Ying Liu, Keke Wu, Zhengyang Li, Lingyi Lin and Philip Kwan. 

China International Capital Corporation acted as the sole sponsor for the offering, in addition to serving as joint global coordinator, bookrunner and lead manager alongside Macquarie Capital. CMB International, Bank of China International, Shenwan Hongyuan Securities, Tiger Brokers and Futu Securities also acted as joint bookrunners and lead managers.

TI Cloud offers a broad array of cloud-native customer contact solutions that enable enterprises to engage in multichannel customer interactions. As China’s largest provider of customer contact solutions deployed in public clouds, TI Cloud’s services – rooted in its cloud-native, secure and reliable platform – empower businesses to create exceptional customer communication experiences, as well as improve the ways they conduct sales, marketing and customer service functions.

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Related Contacts
Michael Yu  Partner Hong Kong
Will Cai  Partner Hong Kong, Palo Alto
Alexander Lee  Partner Los Angeles – Santa Monica, Los Angeles – Downtown
Francis Wheeler  Partner Colorado
Jie Zhang  Partner Hong Kong
Ying Liu  Associate Hong Kong
Keke Wu  Associate Hong Kong
Zhengyang Li  Legal Assistant Hong Kong
Rick Jantz  Associate Los Angeles – Santa Monica, Los Angeles – Downtown
Philip Kwan  Senior Legal Assistant Hong Kong
Jieting Zhang  Legal Assistant Beijing