The press releases published in this section have been uploaded by law firms. Their content has not been appraised or edited by 含羞草社区, and no responsibility is taken for the accuracy of the information they contain or any misrepresentation therein. For our independent editorial content, please visit our homepage.
Maples Group Advises Horizon Robotics on Successful Hong Kong IPO
Maples and Calder, the Maples Group’s law firm, is pleased to have advised Horizon Robotics in relation to its initial public offering (“IPO”) on the Main Board of the Hong Kong Stock Exchange. The offering, which closed on 24 October 2024, raised gross proceeds of approximately US$700 million. Notably, this is the largest IPO in Hong Kong involving a Cayman Islands company in 2024 and the second largest 2024 Hong Kong IPO.
Horizon Robotics is a leading provider of advanced driver assistance systems and autonomous driving solutions for passenger vehicles, empowered by proprietary software and hardware technologies.
A team of lawyers based in the firm’s Hong Kong office acted as Cayman Islands counsel to Horizon Robotics and was led by Partner and head of the Corporate practice in Asia, Matt Roberts and assisted by Corporate Of Counsel Jessica Zhan. The Group’s Fund Services business acted as the Cayman Islands Share Registrar, with a team comprising Eastern Fong, Regional Head of Fund Services – Asia and Senior Vice President, Christy Poon.
Commenting on the transaction, Matt said “We are delighted to have advised our long standing client Horizon Robotics on its milestone Hong Kong IPO, which reflects our unwavering commitment to supporting innovative Chinese companies from their early growth stage to becoming globally significant public companies in the Chinese tech sector*. We look forward to seeing more innovative listings in Hong Kong next year, as the Hong Kong government continues to roll out key initiatives and measures to boost the number of stock listings from both international and large-scale mainland Chinese enterprises.”
Davis Polk & Wardwell acted as Hong Kong and US legal adviser to Horizon Robotics. King & Wood Mallesons acted as the PRC legal adviser to Horizon Robotics. Cleary Gottlieb Steen & Hamilton acted as Hong Kong and US legal adviser, and Jingtian & Gongcheng acted as the PRC legal adviser to Goldman Sachs (Asia) L.L.C., Morgan Stanley Asia Limited, and China Securities (International) Corporate Finance Company Limited.
*In June 2024, the Maples team advised QuantumPharm on its landmark IPO, representing the first specialist technology company listed in Hong Kong under Chapter 18C, a new regime introduced by the HKEX in March 2023.1 ~ ENDS ~
About the Maples Group
The Maples Group is a leading service provider offering clients a comprehensive range of legal services on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, and is an independent provider of fiduciary, fund services, regulatory and compliance, and entity formation and management services. The Maples Group distinguishes itself with a client focused approach, providing solutions tailored to their specific needs. Its global network of lawyers and industry professionals are strategically located in the Americas, Europe, Asia and the Middle East to ensure that clients gain immediate access to expert advice and bespoke support, within convenient time zones. For more information, please visit: .
1
- Law Firms
- China
