We advised Sigenergy Technology on its IPO and HKEX listing

Davis Polk advised Sigenergy Technology Co., Ltd. on its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange, and its international offering in reliance on Regulation S. The gross proceeds of the offering were approximately HK$4.4 billion prior to the exercise of the over-allotment option.

The listing marks the largest primary listing globally in the energy storage sector in the last four years.

Sigenergy Technology is a global leader in distributed energy storage system (DESS) solutions, strategically focused on the stackable all-in-one DESS market. Founded in 2022, Sigenergy Technology has expanded its presence to 85 countries and regions across APAC, Europe, Africa and other markets, and is the world’s leading provider of stackable all-in-one DESS solutions as measured by product shipments in 2024.

The Davis Polk corporate team included partners Li He and Jason Xu, counsel – registered foreign lawyer Kevin Zhang and associates Andrew Pu and Yi Kai Sit. Members of the Davis Polk team are based in the Hong Kong and Beijing offices.

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