China - ECMOHO Limited Initial Public Offering And Nasdaq Listing.
Legal News & Analysis - Asia Pacific - China - Capital Markets
14 November, 2019
Davis Polk advised the underwriters on the SEC-registered initial public offering by ECMOHO Limited of 4,375,000 American Depositary Shares for gross proceeds of $43.8 million. Each ADS represents four Class A ordinary share of ECMOHO. ECMOHO has granted the underwriters an option to purchase up to an additional 656,250 ADSs. The ADSs are listed on Nasdaq under the symbol “MOHO.”
ECMOHO is one of China’s leading integrated solution providers in the rapidly growing non-medical health and wellness market. As an integrated solution provider, ECMOHO acts as the bridge between brand owners and Chinese consumers by marketing and distributing health supplements and food, mother and child care products, personal care products, household healthcare equipment and other health and wellness products.
The Davis Polk corporate team included partners James C. Lin and Li He, counsel – registered foreign lawyer Xuelin (Steve) Wang and registered foreign lawyer Sam Huang. Counsel Alon Gurfinkel and associate Omer Harel provided tax advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Hong Kong, London and New York offices.