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Clifford Chance dominates Hong Kong IPO market in 2016

By Kathryn Higgins

03 January 2017 at 11:04 BST

Clifford Chance has retained its title as the go-to firm for listings on the Hong Kong Stock Exchange for yet another year.

Over the course of 2016, Clifford Chance’s Greater China team advised on a total of 10 initial public offerings in Hong Kong with an accumulative value of US$15.293bn, up from the $13.5bn combined value of the nine IPOs that the firm oversaw in 2015. Since 2012, Clifford Chance has advised on 18 of the 31 offerings in Hong Kong with values exceeding $1bn, making it far and away the most dominant non-PRC firm in the market. Atop the list of the firm’s 2016 IPO clients is Postal Saving Bank of China, which listed for a mammoth $7.6bn. Also on the list are CR Pharmaceuticals ($1.8bn), China Securities ($992m) and Bank of Tianjin ($991m).

Source: Australasian Lawyer


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