Clifford Chance advises on CALB's US$1.3 billion Hong Kong IPO and Listing
6 October 2022
Clifford Chance advises on CALB's US$1.3 billion Hong Kong IPO and Listing
Leading international law firm Clifford Chance has advised sponsor Huatai Securities Company Limited on the US$1.3 billion global initial public offering of H Shares and listing of leading EV battery manufacturer CALB Co., Ltd. ("CALB") on the main board of the Hong Kong Stock Exchange. Jiangsu-based CALB is among the largest EV battery suppliers in China.
Huatai, J.P. Morgan and Citi are the joint global coordinators. The joint global coordinators together with Credit Suisse are the joint bookrunners and joint lead managers for the Global Offering.
China Co-Managing Partner Tim Wang co-led the deal with partners Virginia Lee, Fang Liu and Tianning Xiang. They were supported by a Greater China team including counsel Lorna Lyu, senior associate Emma Bao, associates Meng Mao, Shiyuan Pei, Emily Tong, Jingyi Zhang and trainee Fanny Song, legal analysts Sally Zhang and Limeizi Xu.
Tim said, "We are glad to have advised on CALB's milestone listing, which highlights the rapid development of China's lithium battery and EV industry. This IPO, along with our work advising on Leapmotor's recent $807 million IPO, adds to our impressive track record advising companies shaping the global electrification of the transport sector."
Clifford Chance recently advised on several deals in the EV sector, including Tianqi Lithium’s US$1.7 billion IPO and the pioneer GDR listings of three EV battery related companies on the SIX Swiss Exchange.
高伟绅助力中创新航13亿美元IPO和香港上市
国际领先律师事务所高伟绅就中创新航科技股份有限公司(“中创新航”)13亿美元首次公开发行和在香港联交所主板上市,为独家保荐人华泰国际提供法律服务。中创新航总部位于江苏,是中国最大的电动汽车电池供应商之一。华泰国际、摩根大通和花旗作为联席全球协调人,和瑞信共同担任此次全球发售的联席账簿管理人及联席牵头经办人。
本交易由中国区联席管理合伙人王彦峰、合伙人李婉雯、方刘和向天宁共同领导,并由本所大中华区团队的律师提供支持,包括吕娜、包宸、毛檬、裴诗源、张静怡、童沁沁、宋思恩、张子昕和徐李美子。
王彦峰律师表示:我们很高兴能协助中创新航完成此次具有里程碑意义的上市,该项目突显了中国锂电池和电动汽车行业的快速发展。连同此前我们参与的零跑汽车8.07亿美元香港IPO,此次IPO为我们服务全球交通运输业电气化领域企业的骄人业绩又增添了新的一笔。
高伟绅近期参与了电动汽车行业的多项重大交易,包括天齐锂业17亿美元香港IPO及三家电动汽车电池相关行业企业的开创性瑞士GDR发行上市。