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Coach, Inc. Lists on the Hong Kong Stock Exchange: A Harbinger of Things to Come?

December 05, 2011

By SCOTT R. SAKS, MICHAEL L. ZUPPONE, KEITH D. PISANI & STEVEN D. WINEGAR

This Stay Current discusses the recent listing of Coach, Inc. depositary receipts on the Hong Kong Stock Exchange and why Coach may be the first of many U.S. public companies to list on the Hong Kong Stock Exchange. The alert further discusses the no-action letter relief obtained by Coach, Inc. and J.P. Morgan to enable them to meet the safe harbor for offshore transactions found in Regulation S promulgated under the Securities Act of 1933.