Sullivan & Cromwell advised China Mobile on the deal.
China Mobile completed a $7.7 billion initial public offering on the Main Board of the Shanghai Stock Exchange. The offering could increase to $8.8 billion if the over-allotment option is exercised in full.
China Mobile is the first Hong Kong-incorporated, Hong Kong-listed company to have its shares listed on a stock exchange in mainland China. As the first of its kind, it faced various challenges arising from regulatory regimes in both mainland China and Hong Kong.
China Mobile is a leading provider of mobile telecommunications services in the People’s Republic of China and has the world’s largest network and customer base.
The S&C team advising China Mobile on Hong Kong and U.S. law matters related to the IPO included Kay Ian Ng (Picture), Ching-Yang Lin, Tracy Li, Dickson Wong and Brian Hu.
Involved fees earner: Ching-Yang Lin – Sullivan & Cromwell; Kay Ian Ng – Sullivan & Cromwell;
Law Firms: Sullivan & Cromwell;
Clients: China Mobile;
