Press //
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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Howse Williams Bowers is an independent law firm which combines the in-depth experience of its lawyers with a forward thinking approach.

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.

As an independent law firm we are able to minimise legal and commercial conflicts of interest and act for clients in every industry sector. The partners have spent the majority of their careers in Hong Kong and have a detailed understanding of international business and business in Asia.

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