Shanghai Xizhi Technology HK$2.5 billion IPO
We advised Shanghai Xizhi Technology on its IPO and HKEX listing
Davis Polk advised Shanghai Xizhi Technology Co., Ltd. on its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange under Chapter 18C of the Listing Rules, and its international offering in reliance on Rule 144A and Regulation S. The gross proceeds of the offering were approximately HK$2.5 billion prior to the exercise of the over-allotment option.
Shanghai Xizhi Technology is dedicated to the field of optoelectronic computing and provides advanced optical interconnect and optical computing solutions.
The Davis Polk corporate team included partners Li He, Jason Xu and Ran Li and associate Bethany Zhang. Counsel Alon Gurfinkel and associates Ya Sheng Lin and Kelli A. Rivers provided tax advice. Members of the Davis Polk team are based in the Hong Kong, Beijing and London offices.