Orrick Herrington & Suttcliffe has completed its first Chinese IPO less than a week after opening in Hong Kong with the former Coudert Brothers team.
Rebranded Orrick Coud-ert, the firm acted for China’s largest knitwear manufacturer, Shenzou International Group Holdings, in a HK$780m (£58.5m) listing on the Hong Kong Stock Exchange.
The former Coudert Hong Kong office reopened its doors as Orrick Coudert on 8 November, and completed the Shenzou IPO last week. “It was a little bumpy, but we are pleased to have the first IPO done and be on our way,” China Group managing partner Chris Stephens told The Lawyer.
The deal is an important milestone for the former Coudert group, which is still waiting for the Chinese government to approve transfer of the licences to operate in Beijing and Shanghai from Coudert Brothers to Orrick.
The firm will continue to be known in China as Orrick Coudert in a bid to take advantage of what Stephens called Coudert’s “fantastic reputation as a long-standing and well-respected law firm in China”.