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Latham & Watkins Advises on Baiwang’s Hong Kong IPO

July 9, 2024
Capital markets team represents sole sponsor and underwriters on listing of leading Chinese cloud service provider on HKEX.

Latham & Watkins has advised the Sole Sponsor and Underwriters on the Hong Kong initial public offering (IPO) of Baiwang Co., Ltd. on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX). The global offering consists of 9,262,000 shares (subject to the over-allotment option) at an offer price of HK$36.00 per share.

Baiwang is a Chinese enterprise digitalization solutions provider, focusing on offering SaaS financial and tax digitalization and data-driven analytics services through its Baiwang Cloud platform. The company facilitates the automated and digitalized business decision making by financial service providers and other enterprise customers.

The Latham team was led by Hong Kong corporate partners Benjamin Su, Terris Tang, and Daying Zhang, with associates Chimmy Tao, Stewart Lai, and Marie Lim, Beijing associate Caroline Lin, Hong Kong Foreign Legal Consultant Xiang Ao, and Beijing Foreign Legal Consultants Ziyue Li and Iris Duan.