Nayuki Holdings HK$5.1 billion IPO
Davis Polk advised Nayuki Holdings Limited in connection with its initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S of the Securities Act of 1933. The gross proceeds from the offering amounted to approximately HK$5.1 billion (US$656 million) prior to any exercise of the over-allotment option.
Nayuki Holdings is a leading premium modern teahouse chain in China that reshapes the tea drinking experience. They are the first in China to make freshly brewed tea drinks with fresh fruit and to pair freshly made tea drinks with handcrafted baked goods.
The Davis Polk corporate team included partners Yang Chu and Li He, counsel Lillian Lian, counsel – registered foreign lawyer Kevin Zhang, associate Jessica Ng and registered foreign lawyer Yin Wu. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Members of the Davis Polk team are based in the Hong Kong and London offices.