Mayer Brown advises Easou Technology Holdings Limited on its global offering and listing on Hong Kong Stock Exchange
Hong Kong, June 7, 2024 – Mayer Brown represented Easou Technology Holdings Limited (02550.HK) on its global offering and listing on the Main Board of the Hong Kong Stock Exchange.
The company offered 14,802,500 shares globally, with the Hong Kong public offering accounting for 10% and the international offering accounting for 90%, respectively. The final offer price was fixed at HK$5.80 per share. The listing and trading of shares on the Main Board took place today with a market capitalization of approximately HK$1.9 billion by reference to the final offer price.
Established in 2005, Easou Technology operates four business lines, comprising online reading platform services, digital marketing services, online games publishing services, and other digital content services. Proceeds from the IPO will be used to enhance the company's R&D capabilities, expand its online games publishing services in the overseas market, and to fund the expansion of the business.
The Mayer Brown team was led by Corporate & Securities partner Billy Au and included associate Fiona Ham (all Hong Kong).
