NEWS

Paul Hastings Advises CICC, CMBC and Other Underwriters in Keytop’s Hong Kong IPO and Global Offering

June 26, 2026

Paul Hastings (Hong Kong) LLP advised China International Capital Corporation Hong Kong Securities Limited and CMBC International Capital Limited — the joint sponsors, overall coordinators, joint global coordinators, joint bookrunners and joint lead managers — and other underwriters on the HK$399 million (approximately US$51 million) global offering and listing of Keytop Parking Inc. on the Main Board of the Hong Kong Stock Exchange (2272.HKEX).

Keytop is a smart parking space operator facilitating the transformation of urban parking.

Founding partner and chair of Greater China Raymond Li and partner Steven Hsu led the Paul Hastings team, which also included associates Shani Chan and Irina He, senior China associate Jingyi Cao, senior legal manager Zhuxi Zhang, China associate Elody Liang, trainee solicitor Harry Poon and China advisor Mary Huang. Director of Regulatory Affairs Wendy Hung provided support.

Paul Hastings has advised on 17 significant IPOs in China since 2025, with 13 in technology-related industries — including Creality (consumer 3D printing product and service provider), Delton (customized printed circuit boards manufacturer), MeiG Smart (wireless communication modules and solutions provider) and the current Keytop IPO.

About Paul Hastings
With widely recognized elite teams across 17 core practices, Paul Hastings is a premier law firm with a culture of excellence focused on providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers and corporations.