Sidley represented Hywin Holdings Ltd. (NASDAQ:HYW) (Hywin) as U.S. counsel in its approximately US$30 million initial public offering (IPO) of its American Depositary Shares listed on the Nasdaq Global Market. Network 1 Financial Securities, Alexander Capital, and Valuable Capital acted as joint underwriters in the transaction.
Dian Wang, Chief Executive Officer of Hywin, said: “We are very grateful for the legal and technical support that the Sidley team and partner Meng Ding have been providing us throughout last year. It has paved the way for our successful listing!”
Established in Shanghai in 2006, Hywin is the third largest third-party wealth management service provider in China, providing asset allocation advisory services, wealth management, and “family office” services to over 100,000 high-net-worth clients and institutions.
The Sidley team was led by partner Ding Meng. Other team members included counsel Jeremy Wang and associate Guanlin Wang.