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GLO advises Meitu, Inc. on its IPO and listing on the main board of the Stock Exchange of Hong Kong
2016-12-16

Meitu, Inc. (“Meitu”) (Stock code: 1357. HK) commenced trading on the main board of the Stock Exchange of Hong Kong Limited on December 15, 2016. Meitu raised approximately HK$ 4.928 billion and the listing marks the biggest initial public offering by a technology company in Hong Kong since 2007.

 

Meitu has been transforming the way users create and share beauty since 2008. Centered around Meitu’s core design philosophy of “smart and simple”, its portfolio of innovative photo and community apps have been activated on over 1.1 billion unique devices globally and precipitated the selfie phenomenon in China. Today, “Meitu” is not only used as a verb for “enhancing images”, but is also a brand that represents beauty, trendiness and youthfulness.

 

Morgan Stanley Asia Limited, Credit Suisse (Hong Kong) Limited and China Merchants Securities (HK) Co., Limited acted as the joint sponsors for this IPO and listing. Global Law Office acted as the PRC legal counsel to the joint sponsors. Our team was led by our Shenzhen-based partners Mr. Cheng Li and Ms. Daisy He, Beijing-based partner Mr. Jinrong Liu, along with Ms. Chris Zhang, Ms. Chusong Huang and Mr. Xiaobing Zang as the other members of the team.