The Hong Kong stock exchange is currently bustling with activity, as evidenced by the 110 active applications for initial public offerings (IPOs) as of February 11. Capital markets lawyers are expressing optimism that the city’s IPO market is making a comeback. However, it appears that some major law firms are finding themselves edged out of this lucrative market.
A standout potential issuer in this lineup is Contemporary Amperex Technology Co. Limited (CATL), which is headquartered in Shenzhen. The company is reportedly aiming to raise $5 billion through its initial offering in Hong Kong. If successful, this would represent the largest IPO in Hong Kong in five years.
For more detailed insights into which law firms hold significant market shares, you can read the full article here.