TI Cloud Inc.’s HK$602.9 Million Initial Public Offering

Harneys, working with CYL & Partners in association with Cooley HK and Commerce & Finance Law, acted as Cayman Islands counsel to TI Cloud Inc.
Paul Hastings advised the sole sponsor and underwriters on the deal.

TI Cloud Inc. announced the HK$602.9 million (approximately US$71 million) global offering and listing on the Main Board of the Hong Kong Stock Exchange.

China International Capital Corporation Hong Kong Securities Limited acted as the sole sponsor, and together with Macquarie Capital Limited acted as the joint global coordinators, joint bookrunners and joint lead managers. CMB International Capital Corporation Limited, BOCI Asia Limited, Shenwan Hongyuan Securities (H.K.) Limited, Tiger Brokers (HK) Global Limited, and Futu Securities International (Hong Kong) Limited acted as the joint bookrunners and joint lead managers. Livermore Holdings Limited and Silverbricks Securities Company Limited acted as the joint lead managers.

TI Cloud is one of the largest providers of customer contact solutions deployed in public clouds in China, which offers a broad array of cloud-native customer contact solutions that enable enterprises to engage in multi-channel customer interactions.

The Harneys’ team was led by Calamus Huang (Picture), Raymond Ng and Jessie Xu.

The Paul Hastings team was led by Raymond Li, global partner and chair of Greater China, and corporate partners Chaobo Fan and Vincent Wang, with support from of counsel Eric Wong and associate Mengying Li.

The Cooley team included: Michael Yu, Will Cai, Jie Zhang, Ying Liu, Keke Wu, Zhengyang Li, Lingyi Lin, Philip Kwan, Jieting Zhang, Rick Jantz, Alexander Lee and Francis Wheeler.

 

Involved fees earner: Will Cai – Cooley LLP; Rick Jantz – Cooley LLP; Alexander Lee – Cooley LLP; Ying Liu – Cooley LLP; Francis Wheeler – Cooley LLP; Keke Wu – Cooley LLP; Michael Yu – Cooley LLP; Jie Zhang – Cooley LLP; Calamus Huang – Harneys; Raymond Ng – Harneys; Jessie Xu – Harneys; Chaobo Fan – Paul Hastings LLP; Raymond Li – Paul Hastings LLP; Vincent Wang – Paul Hastings LLP; Eric Wong – Paul Hastings LLP;

Law Firms: Cooley LLP; Harneys; Paul Hastings LLP;

Clients: BOCI Asia Limited; China International Capital Corporation Hong Kong Securities Limited; CMB International Capital Limited; Futu Securities International; Livermore Holdings Limited; Macquarie Capital; Shenwan Hongyuan Securities (H.K.) Limited; Silverbricks Securities Company Limited; TI Cloud Inc.; Tiger Brokers;

Martina Bellini

Author: Martina Bellini