Skadden, Arps, Slate, Meagher & Flom and Commerce & Finance Law Offices have counselled travel website Trip.com on its $1.09 billion secondary listing on the Hong Kong Stock Exchange, with Latham & Watkins and Jingtian & Gongcheng advising the joint sponsors and the underwriters.
China-headquartered Trip.com is the first travel platform to be listed on both the U.S. and Hong Kong stock markets.
According to Reuters, the company will sell 31.63 million shares, in the deal which represented 5 percent of its total outstanding shares
The listing comes as a spate of U.S.-listed Chinese companies opt for secondary listings in Hong Kong, including Bilibili, Autohome, New Oriental Education & Technology, Yum China Holdings, Zai Lab, ZTO Express and Huazhu Group.
The Latham & Watkins team was led by partners Terris Tang, Daying Zhang, Benjamin Su, Cathy Yeung, Alex Cohen, Paul Dudek, Dana Fleischman Simon Hawkins and Samuel Weiner.
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