Paul Hastings Advises on LX Technology’s Hong Kong IPO Debut
Hong Kong – Paul Hastings, a leading global law firm, advised the sole sponsor and the underwriters on the HK$340 million global offering and listing of LX Technology Group Limited (“LX Technology”) on the Main Board of the Hong Kong Stock Exchange. Haitong International Capital Limited acted as the sole sponsor in this transaction.
LX Technology Group Limited is a device lifecycle management solution provider, principally engaged in the sales of refurbished de-commissioned IT devices and provision of device and IT technical subscription services to SMEs in China.
This marks the 8th Hong Kong IPO in 2022 for the Paul Hastings capital markets team, which has now advised on more than 10% of this year’s total listings on the Main Board of the Hong Kong Stock Exchange.
The Paul Hastings team on this offering was led by Raymond Li, global partner and chair of Greater China, and corporate partners Jean Yu, Vincent Wang and Peter Cheng, with support from associates Shani Chan, Phoebe Chow, Sharlotte Ng, Berton Wang and Yolanda Yu; China associates Felix Chen; trainee solicitor Carla Lai; and China advisors Jingyi Cao, Lillian Li, Yufei Mo, Junyi Yang and Zhenfang Ma.
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