2020.12.18
On December 18, 2020, Vesync Co., Ltd ("Vesync") issued 281 million shares (excluding over-allotment) worldwide and listed on the Main Board of the Stock Exchange of Hong Kong at a price of HK $5.52 per share, raising a total of about HK $1.551 billion from investors.
As one of the leading players in the online market of small household appliances in the United States, Vesync sells its products to several countries including the US, Canada, Britain, Germany, France, Spain, Italy and Japan, and mainly focuses on the online marketing and sale of self-designed and self-developed small household appliances and smart household appliances under its brands. Vesync owns three brands including the smart home appliance series "Etekcity", the air purifier series "Levoit" and the kitchenware series "Cosori". Its products have won the Red Dot Award, IHA Global Innovation Awards, iF Product Design Award and CES Innovation Awards and many other awards.
As the PRC legal counsel to the underwriter of this Project, JunHe, with its high-quality, rigorous and efficient legal services, overcoming the adverse effects brought by the epidemic situation and other factors, assisted the underwriter in conducting legal due diligence investigation, reviewing and modifying various transaction documents, application and offering documents relating to this Listing, issuing PRC legal opinions and assisting in answering PRC law-related questions concerned by the Stock Exchange of Hong Kong, and eventually helped Vesync to successfully obtain the approval and consent of the Stock Exchange of Hong Kong for its listing application. JunHe lawyers have won the unanimous affirmation and high trust from the client and other intermediaries for their efficient and prudent delivery of professional expertise and services.
The lead partner of the project was Mr. TAO, Xudong. The main undertaking partner was Mr. NIU, Yuandong.
