Clifford Chance

Clifford Chance advises on US IPO and NASDAQ-listing of Secoo Holding Limited

Leading international law firm Clifford Chance advised the underwriters on the US$110.5 million initial public offering and listing on The NASDAQ Global Market of American depositary shares of Secoo Holding Limited (NASDAQ: SECO). Secoo is Asia's largest online integrated upscale products and services platform as measured by gross merchandise value in 2016. The underwriters were led by Jefferies LLC, as the sole book-running manager. This is the first US IPO of a Chinese e-commerce company since Alibaba Group Holding's IPO in 2014.

Partner Fang Liu led the deal and was supported by senior associate Yue Song, associate Lu Erxin and trainee Zheng Haoze. The New York-based team included partner Jonathan Zonis who was supported by associates Sherwin Salar and Nari Na, and partner Avrohom Gelber advised on tax issues.

"This transaction has perfectly demonstrated the breadth and depth of Clifford Chance's US law capabilities, which encompass not only Rule144A/Reg. S deals, but also SEC-registered offerings" commented Fang Liu.