Cooley advised the underwriters on Smart Share Global’s $150 million initial public offering of 17,650,000 American Depositary Shares. Goldman Sachs, Citigroup Global Markets and China Renaissance Securities (Hong Kong) Limited acted as joint bookrunners and for the offering. Smart Share Global, whose securities now trade on the Nasdaq Global Select Market under the symbol EM, is a consumer tech company providing mobile device charging service. Partners Will Cai, Michael Yu and David Peinsipp 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.
Gracell Biotechnologies Announces Up to $150 Million Private Placement Financing Joined by Syndicate of Premier Healthcare Investors
August 9, 2023
Cooley advised Gracell Biotechnologies, a global clinical-stage biopharmaceutical company dedicated to developing innovative and highly efficacious cell therapies for the treatment of cancer and autoimmune diseases, on its private placement financing of up to $150 million.