Chinese developer listed in the US
April 01, 2008 | BY
clpstaffXinyuan Real Estate Co raised US$282 million from its IPO and New York Stock Exchange listing on December 12 2007, becoming the first China property developer…
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Xinyuan Real Estate Co raised US$282 million from its IPO and New York Stock Exchange listing on December 12 2007, becoming the first China property developer to be listed in the US. Merrill Lynch was the sole bookrunner and lead underwriter.
The underwriters were advised by Shearman & Sterling on the listing. TransAsia Lawyers advised on PRC law, while King & Wood advised on the underwriters. Baker & McKenzie relied upon Maples and Calder with respect to matters governed by Cayman Islands law.