Sidley advised on the initial public offering (IPO) and H share listing of InnoScience (Suzhou) Technology Holding Co., Ltd. (InnoScience) (HKEX: 2577) on the Main Board of the Hong Kong Stock Exchange (HKEX). The IPO raised approximately HK$1.4 billion (US$180 million). Sidley acted as Hong Kong and U.S. counsel for the joint sponsors, namely CICC Hong Kong Securities Limited and CMB International Capital Limited, and the underwriters. InnoScience is the first Integrated Device Manufacturer (IDM) in the world that has achieved mass production of eight-inch Gallium Nitride on Silicon (GaN-on-Si) wafers, and the only company that offers a full voltage spectrum of GaN-on-Si semiconductor products on an industrial scale. InnoScience houses the world’s largest GaN power semiconductor production base and was ranked first among all GaN power semiconductor companies globally in terms of revenue in 2023. The Sidley team was led by partners Meng Ding, Claudia Yu, and Sherlyn Lau. Other team members included counsel Liming Xu, managing associate Gilbert Han, legal manager Zoe Yang, and senior legal assistants Luting Cui and Alice Liu. Sidley is one of the few international law firms that have represented the largest number of Chinese and international companies in Hong Kong IPOs. As a trailblazer in the Hong Kong capital market, Sidley has successfully handled an increasing number of high-profile IPOs for advanced technology and new economy companies. Notably, it advised on the first Specialist Technology IPO under Chapter 18C of the Listing Rules: QuantumPharm Inc. (HKEX: 2228), and the first Integrated Circuit (IC) design company listed in Hong Kong in the last decade: BaTeLab Co., Ltd. (HKEX: 2149) Sidley was “highly recommended” in the Most Innovative Lawyers in Science and Technology category at the FT Innovative Lawyers APAC Awards 2024, announced in May. The firm also earned the prestigious “China Best Client Service Award” at the Chambers Asia-Pacific and Greater China Region Awards 2024. Earlier this year, Sidley received the Grand Prix Prize for “International Law Firm of the Year” at Law.com International’s Asia Legal Awards 2024, along with the distinguished “Securities Firm of the Year” award.~~Sidley advised on the initial public offering (IPO) and H share listing of InnoScience (Suzhou) Technology Holding Co., Ltd. (InnoScience) (HKEX: 2577) on the Main Board of the Hong Kong Stock Exchange (HKEX). The IPO raised approximately HK$1.4 billion (US$180 million). Sidley acted as Hong Kong and U.S. counsel for the joint sponsors, namely CICC Hong Kong Securities Limited and CMB International Capital Limited, and the underwriters. InnoScience is the first Integrated Device Manufacturer (IDM) in the world that has achieved mass production of eight-inch Gallium Nitride on Silicon (GaN-on-Si) wafers, and the only company that offers a full voltage spectrum of GaN-on-Si semiconductor products on an industrial scale. InnoScience houses the world’s largest GaN power semiconductor production base and was ranked first among all GaN power semiconductor companies globally in terms of revenue in 2023. The Sidley team was led by partners Meng Ding, Claudia Yu, and Sherlyn Lau. Other team members included counsel Liming Xu, managing associate Gilbert Han, legal manager Zoe Yang, and senior legal assistants Luting Cui and Alice Liu. Sidley is one of the few international law firms that have represented the largest number of Chinese and international companies in Hong Kong IPOs. As a trailblazer in the Hong Kong capital market, Sidley has successfully handled an increasing number of high-profile IPOs for advanced technology and new economy companies. Notably, it advised on the first Specialist Technology IPO under Chapter 18C of the Listing Rules: QuantumPharm Inc. (HKEX: 2228), and the first Integrated Circuit (IC) design company listed in Hong Kong in the last decade: BaTeLab Co., Ltd. (HKEX: 2149) Sidley was “highly recommended” in the Most Innovative Lawyers in Science and Technology category at the FT Innovative Lawyers APAC Awards 2024, announced in May. The firm also earned the prestigious “China Best Client Service Award” at the Chambers Asia-Pacific and Greater China Region Awards 2024. Earlier this year, Sidley received the Grand Prix Prize for “International Law Firm of the Year” at Law.com International’s Asia Legal Awards 2024, along with the distinguished “Securities Firm of the Year” award.