The Hong Kong office of the Firm represented the underwriters, led by Goldman Sachs (Asia) L.L.C., Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and China Renaissance Securities (Hong Kong) Limited, in connection with the initial public offering and listing on the New York Stock Exchange of American depositary shares (“ADSs”) of Jumei International Holding Limited (“Jumei”), China’s leading online retailer of beauty products. The offering of 11,140,000 ADSs, representing 11,140,000 ordinary shares, raised US$245.1 million. The ADSs of Jumei are traded on the New York Stock Exchange under the ticker symbol “JMEI”.
The Hong Kong office of the Firm also represented a placement agent in connection with a private placement transaction which closed simultaneously with the initial public offering. Under the concurrent private placement transaction, General Atlantic Singapore Fund Pte. Ltd. purchased 6,818,182 Class A ordinary shares from Jumei, at the per-share price of the initial public offering for a total consideration of US$150.0 million.
The Simpson Thacher team for the transactions included Leiming Chen, David Lee and Shuyuan Sun (Corporate), Jennie Getsin (FINRA) and Rob Holo and Devin J. Heckman (Tax).
