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HWB advised SBCVC Company Limited on a sell down in a follow-on offering in GDS Holding Limited
Submitted by // C Yu, Partner
02 February 2018

 

Howse Williams Bowers ("HWB"), a leading Hong Kong independent law firm, advised SBCVC Company Limited ("SBCVC HK") on HK law in relation to a sell down in a follow-on offering of GDS Holding Limited (Nasdaq: GDS), a leading developer and operator of high-performance data centers in China. SBCVC HK is an affiliate of SBCVC Holdings Limited ("SBCVC"), a leading venture capital and private equity firm that manages both USD and RMB funds, with focus on high-tech, high growth companies in TMT, clean technology, healthcare, consumer/retail and advanced manufacturing sectors.

The HWB team was led by partner Christopher Yu and assisted by senior associate, Stephen Leung. The public offering was closed on the 30 January 2018 and SBCVC raised a total of approximately US$110.2 million from the public offering, after the greenshoe option was exercised in full by the underwriters, and after deducting the relevant underwriting discounts and commissions (but before expenses). RBC Capital Markets, J.P. Morgan and Citigroup were acting as joint book-running managers for the offering, and Cowen, Guggenheim Securities, and Raymond James were acting as co-managers.

 

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Our key practice areas are corporate/commercial and corporate finance; commercial and maritime dispute resolution; clinical negligence and healthcare; insurance, personal injury and professional indemnity insurance; employment; family and matrimonial; property and building management; intellectual property; banking; financial services/corporate regulatory and compliance.

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Disclaimer: The information contained in this article is intended to be a general guide only and is not intended to provide legal advice.  Please contact pr@hwbhk.com if you have any questions about the article.