The Hong Kong office of the Firm represented the underwriters, led by Bank of America Merrill Lynch and UBS, in the US$103.3 million initial public offering and listing on the NASDAQ Global Select Market of 10,871,599 American depositary shares of Le Gaga Holdings Limited by the issuer and certain selling shareholders. The ADSs of Le Gaga are traded on the NASDAQ Global Select Market under the ticker symbol “GAGA”.
Le Gaga Holdings Limited is one of the largest greenhouse vegetable producers as measured by the area of greenhouse coverage and one of the fastest growing major vegetable producers in China, and through its subsidiaries sells and markets over 100 varieties of vegetables to wholesalers, institutional customers and supermarkets in China and Hong Kong.
The Simpson Thacher team for the transaction included Chris Lin, Daniel Fertig, Asher Hsu and Sandra Kister, (Corporate), Andrew Pagliughi (FINRA), Jonathan Cantor and Christian Miller (Tax). Paralegal Jane Lee provided valuable assistance.
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