Eversheds Sutherland advised Dtech on Hong Kong IPO

The global offering comprised 12.632 million shares priced at approximately €43 per share, the top end of the marketed range, raising gross proceeds of approximately €543 million and net proceeds of approximately €528 million. The Hong Kong public offering was 354.64 times oversubscribed, while the international offering was 24.5 times subscribed. Cornerstone investors were allocated approximately 41.45% of the offered shares. At the first date of trading, the company had a market capitalisation of approximately €17 billion.

The Eversheds Sutherland team advised on the German law aspects of the offering and in connection with the German subsidiary. The team was led by Partner Dr. Alexander Honrath (Corporate Finance) and included Partners Dr. Nils Müller (GDPR), Partner Dr. Stefan Diemer (Tax) and Partner Dr. Rolf Kowanz (Employment); Counsel Dr. Christian Lindner (Corporate Finance); Principal Associate Tatjana Tscherevko (Sanctions); Senior Associates Ling Liu LL.M. (Corporate Finance), Peter Schott (Commercial) and Legal Advisor Elva Liu LL.M. (Corporate Finance).