Sidley has advised on the initial public offering of Innovax Holdings Limited (Innovax) (HKEX: 2680) on the Main Board of the Stock Exchange of Hong Kong Limited. Our clients were Innovax Capital Limited and Sinolink Securities (Hong Kong) Company Limited as joint sponsors, Innovax Securities Limited, Sinolink Securities (Hong Kong) Company Limited, BMI Securities Limited, Marketsense Securities Limited and Telecom Digital Securities Limited as the underwriters. The total offering amount was HK$180 million (approximately US$23.1 million).
Innovax is a financial and securities service provider in Hong Kong which provides corporate finance advisory services; placing and underwriting services; securities dealing and brokerage services; securities financing services; and asset management services.
The Sidley team was led by partner Sherlyn Lau, with support from counsel Iris Yuen, associate Vanessa Lee and legal manager Alice Lai.
The Sidley China team has an established reputation as one of the top Hong Kong IPO legal advisers. The team has advised on more than 13 Hong Kong IPOs in the first half of 2018 and leads the legal advisor league table on deal counts*.
*RyanbenCapital data (2018 Jan – Jun)