For most companies and their owners, an initial public offering (IPO) is a “once-in-a-lifetime” event that represents the culmination of many years of hard work and personal investment. While an IPO is no doubt one of the most important milestones in the corporate evolution of a company, it also brings with it significant changes to the way the company operates and conducts itself. The legal and compliance obligations imposed on a public company and its ongoing compliance challenges need to be fully understood.
This guide provides an overview of some of the key issues with which we believe all directors, members of senior management, general counsel and other key decision makers of a potential IPO candidate should be familiar, and focuses on a listing on The Stock Exchange of Hong Kong Limited (HKEx).
However, this guide is neither intended to be a comprehensive treatment of the subject matter or of all matters relevant to an IPO, nor as a substitute for legal advice. We encourage readers to reach out to the authors of this guide or any of the other key members of our Asian Equity Capital Markets Practice before taking any action.