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Freshfields advises on IPO of Ming Yuan Cloud on HKSE

Freshfields Bruckhaus Deringer (‘Freshfields’) has provided Hong Kong and US law advice to the joint sponsors and the underwriters of the listing of shares of Ming Yuan Cloud Group Holdings Ltd. (‘Ming Yuan Cloud’) on the Hong Kong Stock Exchange (‘HKSE’). The transaction raised proceeds of approximately US$791m (before the exercise of the Over-allotment Option). Trading in the shares commenced today (25 September 2020).
Ming Yuan Cloud provides enterprise-grade ERP solutions and SaaS products to property developers and other industry participants along the real estate value chain in China. In 2019, it was the leading software solution provider for property developers in China by market share, according to industry research. Within this market, it is also the leading provider of both ERP solutions and SaaS products in terms of revenue.
The Freshfields team advising on the transaction was led by partners Calvin Lai and Jason Xu. They were supported by counsel Steven Hsu. Partner Claude Stansbury provided tax advice.

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About Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer LLP is a global law firm with a long track record of successfully advising the world's leading national and multinational corporations and financial institutions on groundbreaking and business-critical challenges. Our team of more than 2,800 lawyers and other legal professionals delivers global results from our 28 offices worldwide. Our commitment, local and multinational expertise and business know-how means our clients can rely on us when it matters most.