Mayer Brown recently represented Easou Technology Holdings Limited (02550.HK) in its global offering and listing on the Main Board of the Hong Kong Stock Exchange on June 7, 2024. The company offered a total of 14,802,500 shares globally, with the Hong Kong public offering accounting for 10% and the international offering accounting for 90%. The final offer price for each share was set at HK$5.80.
The listing and trading of Easou Technology’s shares on the Main Board began on the same day, with a market capitalization of approximately HK$1.9 billion based on the final offer price. Established in 2005, Easou Technology operates in four business lines, including online reading platform services, digital marketing services, online games publishing services, and other digital content services.
The proceeds from the IPO will be utilized to improve the company’s research and development capabilities, expand its online games publishing services in the global market, and support overall business growth. The team at Mayer Brown, led by Corporate & Securities partner Billy Au and inclusive of associates Fiona Ham and Inez Ma (all based in Hong Kong), played a pivotal role in facilitating this successful offering and listing for Easou Technology.