Davis Polk & Wardwell and Zhong Lun Law Firm are advising China's largest bubble-tea chain store, Mixue Bingcheng, on its IPO on the Hong Kong Stock Exchange, which aims to raise between $500 million and $1 billion.

Skadden, Arps, Slate, Meagher & Flom, Shihui Partners and offshore law firm Ogier are acting for Guming, China’s second-largest bubble-tea maker, on its IPO on Hong Kong Stock Exchange that aims to raise between $300 million and $500 million.

Cravath, Swaine & Moore and Cyril Amarchand Mangaldas are advising India’s Tata Technologies on its planned 30.4-billion-rupee ($366 million) initial public offering, with Latham & Watkins and S&R Associates acting for the bookrunning lead managers JM Financial and Citigroup Global Markets India.

PRC law firm Fangda Partners and U.S. law firm Wilson Sonsini Goodrich & Rosati have advised Chinese medical research group WuXi XDC on its $470 million Hong Kong IPO, the third-largest new share sale in the city in 2023. Davis Polk & Wardwell and Jingtian & Gongcheng acted for the underwriters.

U.S. law firm Skadden, Arps, Slate, Meagher & Flom and PRC firm Jia Yuan Law Offices are advising Chinese home-appliance maker Midea Group on its planned $1 billion initial public offering, expected to be the first billion-dollar IPO in Hong Kong this year.

U.S. law firms Cleary Gottlieb Steen & Hamilton and Paul Hastings, and South Korean law firm Kim & Chang have guided Doosan Robotics’ $317 million initial public offering on the Seoul Stock Exchange, the largest IPO in Korea this year.

U.S. law firm Latham & Watkins and the PRC’s DaHui Lawyers have advised Asian courier service group J&T Global Express on its $501 million initial public offering on the Hong Kong Stock Exchange (HKEX),  the second-largest listing on the bourse this year.

The backdoor listing of VinFast and proposed IPO of VNG on U.S. stock exchanges have shed light on new paths for Vietnamese companies to raise capital in a volatile market, but they do not come without their share of stiff regulatory hurdles.

Simpson Thacher & Bartlett and Fangda Partners are advising the Alibaba Group and its logistics arm, Cainiao Smart Logistics Network, on Cainiao’s proposed IPO on the Hong Kong Exchange, with Freshfields Bruckhaus Deringer and Jingtian & Gongcheng acting for the sponsors.

Law firm Nishimura & Asahi has advised Japanese chip tool-maker Kokusai Electric on its proposed $750 million initial public offering on the Tokyo Stock Exchange. U.S. law firm Simpson Thacher & Bartlett is advising Kokusai’s majority stakeholder KKR, which will be provided a partial exit.