China - Davis Polk Advises 36Kr Holdings Inc. On Its Initial Public Offering And Nasdaq Listing.
Legal News & Analysis - Asia Pacific - China - Capital Markets
12 November, 2019
Davis Polk advised 36Kr Holdings Inc. on its SEC-registered initial public offering of 1,380,000 American Depositary Shares for total proceeds of approximately $20 million. Each ADS represents 25 Class A ordinary shares of 36Kr. 36Kr has granted the underwriters an option to purchase up to an additional 207,000 ADSs. The ADSs are listed on the Nasdaq Global Market under the symbol “KRKR”.
36Kr is a prominent brand and a pioneering platform dedicated to serving New Economy participants in China. It offers business services, including online advertising services, enterprise value-added services and subscription services to its customers.
The Davis Polk corporate team included partners Li He and James C. Lin, and counsel – registered foreign lawyer Ran Li. Counsel Alon Gurfinkel and associates Omer Harel and Summer Xia provided tax advice. Associate J. Taylor Arabian provided 1940 Act advice. Members of the Davis Polk team are based in the Hong Kong, Beijing, London and New York offices.