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Clifford Chance advises on China Everbright Securities' US$1.11 billion IPO

18 August 2016

Clifford Chance advises on China Everbright Securities' US$1.11 billion IPO

Leading international law firm Clifford Chance has advised the underwriters, including Everbright Securities, UBS and Merrill Lynch, on China Everbright Securities' US$1.11 billion listing on the Hong Kong Stock Exchange. China Everbright Securities is one of the largest securities brokerage by assets in China and is controlled by state-owned financial conglomerate, China Everbright Group.

The team was led by three partners: Tim Wang, Virginia Lee and Jean Thio who advised on the US aspects of the deal. They were supported by consultant Philip Chan, senior associate Lorna Lu, associates Stanley Tan and Mia Zhang, and paralegal supervisor Kevin Ng.

Clifford Chance maintains a market leading position advising on Chinese securities firms' Hong Kong IPOs having advised six out of 10 that have listed. These include HTSC's US$5 billion IPO in June 2015, GF Securities' US$4 billion IPO in April 2015, Central China's US$193 million IPO in June 2014, China Galaxy's US$1.07 billion IPO in May 2013 and Haitong's US$1.68 billion offering in April 2012.

Earlier this year, the team advised on Bank of Tianjin's US$949 million IPO.