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Clifford Chance advises on Hygeia Healthcare's US$282 million Hong Kong IPO

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29 June 2020

Clifford Chance advises on Hygeia Healthcare's US$282 million Hong Kong IPO

Leading international law firm Clifford Chance has advised Morgan Stanley, Haitong International Securities and Huatai Financial Holdings as the lead underwriters on Hygeia Healthcare Holdings Co., Limited's US$282 million (HK$2.22 billion) IPO and listing on the main board of the Stock Exchange of Hong Kong. Hygeia Healthcare is a Chinese oncology healthcare group based in Shanghai. The public tranche of this offering attracted more than 300,000 applications with over 600 times oversubscription, making it one of most sought after IPOs this year.

Partner Fang Liu who led on the deal said, "Our team was very pleased to assist on this leading medical services provider's successful IPO, which once again showcased our strong execution capabilities in handling complex transactions, and our healthcare sector expertise."

Fang and partner Tianning Xiang co-led the deal and were supported by counsel Lorna Lyu, senior associate Erxin Lu, associates Emma Bao, Alex Feng and Haoze Zheng, and trainees Jiawei Zhao, Astrid Zhuang and Ada Zheng.