Philip Kwan focuses on corporate finance and general business transactions, including initial public offerings, spin-offs and regulatory compliance works and has extensive experience in advising clients in Hong Kong and mainland China.
Laekna Announces Largest 18A IPO Year to Date at HK$791 Million
June 29, 2023
Cooley advised China International Capital Corporation Hong Kong Securities Limited (CICC) and other underwriters on Laekna’s HK$791 million (US$101 million) initial public offering of 63,728,000 shares on the Hong Kong Stock Exchange, the largest 18A offering year to date.
Cooley advised STAR CM, a variety program intellectual property creator and operator, on its HK$390 million ($50 million) initial public offering of 14,731,600 shares at a public offering price of HK$26.50 on the Hong Kong Stock Exchange, subject to the overallotment option.
Cooley advised TI Cloud on its $71.7 million initial public offering of 43,530,000 shares at a public offering price of HK$12.85 per share. TI Cloud offers a broad array of cloud-native customer contact solutions that enable enterprises to engage in multichannel customer interactions. Partners Michael Yu and Will Cai led the Cooley team.
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.