On December 13, 2019 (US Eastern Time), the trading of the American Depositary Shares (“ADSs”) of OneConnect Financial Technology Co., Ltd. (“OneConnect”) commenced on the New York Stock Exchange (stock code: OCFT). OneConnect offered 31,200,000 ADSs (before the exercising of the over-allotment option) at the initial public offering price of US$10 per ADS and raised approximately US$310 million in gross proceeds (“Offering”).
OneConnect is a leading technology-as-a-service platform for financial institutions in China, and which provides cloud-native financial technology solutions that integrate extensive financial services industry expertise with market-leading technology. OneConnect’s solutions provide technology applications and technology-enabled business services to financial institutions, and cover multiple verticals in the financial services industry, including banking, insurance and asset management.
Haiwen & Partners, as the PRC legal counsel of OneConnect, provided legal services to OneConnect’s A round financing and this Offering, and provided professional legal advice and effective solutions to OneConnect with respect of the PRC laws.
Haiwen team advising on this Offering is led by Ji Hu and Yan Zheng, and the team members include Yuqing Gu, Lu Liu, Jue Huang, Min Li, Lu He and other colleagues.
On December 13, 2019 (US Eastern Time), the trading of the American Depositary Shares (“ADSs”) of OneConnect Financial Technology Co., Ltd. (“OneConnect”) commenced on the New York Stock Exchange (stock code: OCFT). OneConnect offered 31,200,000 ADSs (before the exercising of the over-allotment option) at the initial public offering price of US$10 per ADS and raised approximately US$310 million in gross proceeds (“Offering”).
OneConnect is a leading technology-as-a-service platform for financial institutions in China, and which provides cloud-native financial technology solutions that integrate extensive financial services industry expertise with market-leading technology. OneConnect’s solutions provide technology applications and technology-enabled business services to financial institutions, and cover multiple verticals in the financial services industry, including banking, insurance and asset management.
Haiwen & Partners, as the PRC legal counsel of OneConnect, provided legal services to OneConnect’s A round financing and this Offering, and provided professional legal advice and effective solutions to OneConnect with respect of the PRC laws.
Haiwen team advising on this Offering is led by Ji Hu and Yan Zheng, and the team members include Yuqing Gu, Lu Liu, Jue Huang, Min Li, Lu He and other colleagues.
Beijing ICP No. 05019364-1 Beijing Public Network Security 110105011258
