We advised the underwriter on the IPO and HKEX listing

Davis Polk advised the underwriter in Helens International Holdings Company Limited’s initial public offering and listing on the Hong Kong Stock Exchange and the international offering in reliance on Regulation S. The net proceeds from the offering amounted to approximately HK$2.51 billion (US$322.88 million) prior to the exercise of the over-allotment option.

Helens International Holdings Company Limited operates China’s largest bar chain network under the brand “Helen’s.” According to Frost & Sullivan, Helens ranked first in China’s bar industry in terms of revenue. In 2018, 2019 and 2020 and the three months ended March 31, 2021, Helens is the market leader in China’s bar industry as measured by the number of bars.

The Davis Polk corporate team included partners Yang Chu and Li He, counsel – registered foreign lawyer Ran Li and counsel Lillian Lian. Counsel Alon Gurfinkel and associate Ben Levenback provided tax advice. Members of the Davis Polk team are based in the Hong Kong, Beijing, London and New York offices.