China International Capital Corporation Limited HK$5,485.2 Million (US$707.8 Million) Initial Public Offering
Davis Polk advised China International Capital Corporation Limited (“CICC”) on its initial public offering and listing on the Main Board of The Stock Exchange of Hong Kong Limited and an international offering in reliance on Rule 144A and Regulation S.
CICC is a premier China-based investment bank with international reach. As the first joint-venture investment bank in the PRC and a pioneer in adopting international best practices with a thorough understanding of the Chinese market, CICC quickly became a flagship investment bank in China. CICC’s comprehensive business scope consists of Investment Banking, Equity Sales and Trading, FICC, Wealth Management and Investment Management. Headquartered in Beijing, CICC has set up several subsidiaries in mainland China and securities branches in 18 mainland cities such as Beijing, Shanghai and Shenzhen. With increasing cross-border business activities, CICC has also set up subsidiaries in Hong Kong, New York, London and Singapore to better serve its domestic and international clients.
The Davis Polk corporate team included partners Bonnie Y. Chan, Antony Dapiran and Li He, associates Meng Ding, Stephenie Fung, Xiaotong (Lisa) Yuan and Michael Yu. Partner John D. Paton and associate Lena X. Qiu provided tax advice. Partner John B. Reynolds, III, counsel Jeanine P. McGuinness and associate Britt Mosman provided OFAC advice. Partner Gregory S. Rowland, counsel Sarah Eunjung Kim and associates Denise Yablonovich and Brantley Hawkins provided 1940 Act advice. Counsel Erin K. Cho provided executive compensation advice. Partners Randall D. Guynn, Nora M. Jordan and Lanny A. Schwartz and associates Kimberly N. Chehardy, Fannie Chen, Jeffrey T. Dinwoodie and Denise Yablonovich provided other U.S. regulatory advice. Partner Simon Witty and associate Nick Gilling provided U.K. law advice. Counsel Lisa Martin provided Hong Kong regulatory advice.Members of the Davis Polk team are based in the Hong Kong, Beijing, London, New York and Washington DC offices.