Freshfields advises on US$2.5bn IPO of Cinda Asset Management

International law firm Freshfields Bruckhaus Deringer has advised a consortium of underwriters for the US$2.5bn IPO of Cinda Asset Management Co. Ltd on the Hong Kong Stock Exchange, which took place today and is the largest IPO in Hong Kong in the year to date.

The underwriting consortium is comprised of 18 banks, including Bank of America Merrill Lynch, Credit Suisse, Goldman Sachs, Morgan Stanley, UBS, BOCI and CCB International.

Freshfields advised the underwriters on both the United States and Hong Kong aspects of the offering.

Commenting on the IPO, Freshfields partner Teresa Ko said: ‘This is a particularly exciting listing in that it is the first state owned Chinese asset management company to list in Hong Kong. We congratulate Cinda and everybody involved on today’s listing and we were proud to have been able to advise on such a significant IPO.’

The Freshfields global capital markets team was led by corporate partners Teresa Ko and William Woo, and US corporate partner Calvin Lai, based in Hong Kong.

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