Xuelin (Steve) Wang
  1. Counsel - Registered Foreign Lawyer

Mr. Wang is counsel in Davis Polk’s Corporate Department, currently practicing as a Registered Foreign Lawyer in Hong Kong. His practice focuses on the areas of securities offerings as well as mergers and acquisitions. Mr. Wang has represented issuers and underwriters in a wide range of international capital markets transactions, including initial public offerings and follow-on equity offerings, investment-grade and high-yield debt offerings, and liability management transactions. He has a Ph.D. in cell biology and frequently works on corporate financing transactions for companies in the pharmaceutical sector.

Work Highlights

Debt Capital Markets

Investment-Grade

  • China Orient Asset Management's MTN program and Regulation S $700 million, $600 million, RMB2.5 billion and $1 billion note offerings
  • Bangkok Bank's GMTN program and Rule 144A/Regulation S $1.2 billion and $1 billion note offerings
  • Temasek's Rule 144A/Regulation S $1.35 billion senior notes offering
  • Greenland's three separate Regulation S $200 million note offerings
  • Republic of Indonesia's GMTN program and Rule 144A/Regulation S $3.5 billion notes offering
  • China Cinda Asset Management's GMTN program and Rule 144A/Regulation S $3 billion notes offering
  • Pertamina's GMTN program and Rule 144A/Regulation S $1.5 billion notes offering
  • Asia Standard International's MTN program and Regulation S RMB500 million notes offering
  • AVIC International's Regulation S RMB1.5 billion notes offering
  • Baidu's SEC-registered $1 billion notes offering
  • PPL Corporation's SEC-registered $400 million notes offering
  • CSX Corporation's SEC-registered $600 million notes offering
  • Kennametal's SEC-registered $300 million notes offering

High-Yield

  • China South City’s Regulation S $200 million and two separate $300 million senior note offerings
  • Zhenro Properties’ Regulation S $280 million, $200 million, $250 million and $70 million senior note offerings 
  • KWG Property's Regulation S $350 million, $300 million, $600 million and $400 million note offerings
  • Tahoe Group’s Regulation S $425 million senior notes offering
  • Sunac China's Regulation S $400 million notes offering
  • Times Property's Regulation S RMB600 million, RMB900 million, $225 million and $280 million note offerings
  • West China Cement's Regulation S $400 million notes offering
  • Redco Properties' Regulation S $125 million notes offering
  • Central China Real Estate's Regulation S $300 million and S$200 note offerings
  • Evergrande Real Estate's Regulation S $1 billion notes offering
  • CIFI Holdings' Regulation S $275 million notes offering
  • Fosun International's Regulation S $400 million notes offering
  • Dufry AG's Rule 144A/Regulation S €700 million notes offering

Liability Management

  • Redco Properties' consent solicitation
  • SOHO China's tender offer
  • Country Garden's consent solicitation
  • Central China Real Estate's consent solicitation
  • Sunac China's consent solicitation
  • Hovnanian's tender offer and consent solicitation
Equity Capital Markets
  • CStone Pharmaceuticals' $285 million Hong Kong IPO and global offering
  • Innovent Biologics’ $403.1 million Hong Kong IPO and global offering
  • BeiGene's $903 million Hong Kong IPO and global offering
  • Ping An Healthcare and Technology's $1.12 billion Hong Kong IPO and global offering
  • 3SBio's $712 million Hong Kong IPO and global offering
  • Luckin Coffee’s $570 million SEC-registered U.S. IPO on Nasdaq and $50 million private placements
  • Cango Inc.’s $44 million SEC-registered U.S. IPO on NYSE
  • Uxin Limited’s $225 million SEC-registered U.S. IPO on Nasdaq
  • iClick Interactive's $27.5 million SEC-registered U.S. IPO on Nasdaq
  • RISE Education's $171 million SEC-registered U.S. IPO on Nasdaq and $97.2 million follow-on offering
  • Zai Lab Limited’s $172.5 million SEC-registered U.S. IPO on Nasdaq and $150 million follow-on offering
  • Edwards Group's $100 million SEC-registered U.S. IPO on Nasdaq
  • Ronshine’s HK$1.1 billion top-up placement
  • China Maple Leaf Educational System’s HK$1 billion top-up placement
  • Beijing Enterprises Water’s $2.66 billion share placement 
  • Canadian Solar's SEC-registered $100 million at-the-market offering
  • Banco Santander (Brasil)'s SEC-registered secondary at-the-market ADS offering
  • PDC Energy's SEC-registered $172 million equity offering
  • Hovnanian's SEC-registered $47 million equity offering
  • Modern Times Group's Class B shares Section 12(g) registration
M&A
  • Sale of Alliance Tire Group to KKR
  • Sale of Business Process Outsourcing Businesses of Philippine Long Distance Telephone Company to CVC Capital
  • China Hydroelectric Corporation's (NYSE-listed) going-private transaction
  • Sale of Amanresorts to its founders

Of Note

  • Speaker, "Venture Week for International Elites in Suzhou: Hong Kong Capital Markets and IPO", Suzhou (July 2019)

Professional History

  • Davis Polk since 2011

Practice Focus

Bar Admissions

  • State of New York
  • Hong Kong Law Society - Registered

Education

  • B.S., Biology, Nanjing University, 2000
  • Ph.D., Genetics and Cell Biology, University of Minnesota, 2008
  • J.D., University of Minnesota Law School, 2011
    • magna cum laude
    • Order of the Coif
    • Articles Editor, Minnesota Journal of Law, Science & Technology

Languages

  • Mandarin