DLA Piper? announced today that it has? advised the sponsors and underwriters in relation to the IPO of MOBI Development Co., Ltd. (“MOBI”) on the main board of the Hong Kong Stock Exchange (HKSE: 00947) on 17 December, marking the firm’s seventh successful IPO project.
Esther Leung, Partner and Co-Head of Capital Markets Asia of DLA Piper led the deal. Team members include Mike Suen, Beatrice Jiang and Douglas Lo all from DLA Piper’s Hong Kong office.
MOBI successfully raised over HK$593 million through its IPO. Piper Jaffray Asia Securities Limited and First Shanghai Capital Limited acted as joint sponsors to MOBI.
From the press release
MOBI is a leading provider of wireless communication antennas and base station radio frequency (RF) subsystems in China. The Company operates in three segments: antenna system, which manufactures and sells antenna system and related products; base station RF subsystem, which manufactures and sells base station RF subsystem and related products; and coverage extension solution, which manufactures and sells an array of coverage products. The company employs over 2,200 people currently and subsidiaries include MOBI Antenna Technologies (Shenzhen) Co., Ltd., MOBI Telecommunication Technologies (Ji An) Co., Ltd. and MOBI Technologies (Xi An) Co., Ltd.
DLA Piper has been involved as legal counsel in the folowing 7 IPOs on the main board of HKSE in 2009:
Strong Petrochemical (HKSE: 00852)
Singyes Solar Technologies (HKSE: 00750)
Amber Energy International (HKSE: 00090)
Peak Sports Products (HKSE: 1968)
Shenguan Holdings (HKSE: 00829)
Ming Fa Group (HKSE: 00846)
MOBI Development Co., Ltd. (HKSE: 00947)
