Slaughter and May, Hong Kong and Beijing, advised on the global offering and listing of Dmall Inc. (“Dmall”) on the Main Board of the Hong Kong Stock Exchange, raising approximately HK$778 million (approximately US$100 million) for the issue of approximately 2.91% of Dmall’s issued share capital.
Slaughter and May advised UBS, CMB International Capital and China Merchants Securities, who acted as joint sponsors, overall coordinators, joint global coordinators, joint bookrunners and joint lead managers, as well as the underwriters, as to Hong Kong and U.S. laws on the global offering and the Hong Kong listing.
Dmall was the largest retail digitalisation solution provider in China by revenue in 2023 and the third largest retail digitalisation solution provider in Asia.
Dealings in the shares of Dmall commenced on the Hong Kong Stock Exchange on 6 December 2024.
Senior partner, Benita Yu, commented, “We are delighted to have advised UBS, CMB International Capital and China Merchants Securities on the successful listing of Dmall, which reinforces Dmall’s position as a market leader in providing retail digitalisation solutions and highlights the growing demand for innovative solutions in the local retail industry. We extend our heartfelt gratitude to our clients, Dmall and everyone involved for their unwavering support throughout the process.”
Hong Kong partner, John Moore, added, “Congratulations to Dmall on its successful IPO. We are honoured to have worked with Dmall, UBS, CMB International Capital and China Merchants Securities on this milestone achievement, which paves the way for Dmall to further enhance its offerings and drive transformation across the local retail industry.”
Hong Kong partner, Clara Choi, and Beijing partner, Jing Chen, said, “This IPO marks a significant step in Dmall's journey, and we look forward to witnessing Dmall’s continued success in the future.”
Electa Yeung / Trainee, Roselyn Zhong / Trainee, Tiffany Ruan / Trainee