Autohome, an online platform for buying and selling cars, raised US$688 million in its secondary listing in Hong Kong on 15 March.
Skadden, Han Kun Law Offices and Maples Group provided international, PRC and Cayman Islands legal advice, respectively, to the issuer. Simpson Thacher and Commerce & Finance Law Offices acted as the sponsors’ and underwriters’ international and PRC legal counsel, respectively.
Tuya, operator of a Chinese internet of things platform backed by New Enterprise Associates and Tencent, raised US$915 million in its US IPO on 18 March.
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