Fuyao Glass $953 million HKSE IPO

Overview:

• Fuyao Glass Industry Group Co has undertaken a $953 million IPO on the Hong Kong Stock Exchange (HKSE).
• The company sold 439.7 million shares valued at HK$16.80 per share.
• The company is already listed in Shanghai and the Hong Kong listing was the largest on the exchange in 2015 at the time of launch.
• Fuyao Glass is an automotive glass manufacturer.
• Latham & Watkins and Fujian Zenith Law Firm acted for the issuer.
• Sullivan & Cromwell and Commerce & Finance Law Offices advised the sponsors.

Adam Majeed - Asia Editor