On April 16, 2025, the IFLR Asia-Pacific Awards ceremony was held in Hong Kong. JunHe won the Equity Deal of the Year for Black Sesame’s IPO on the Main Board of the Hong Kong Stock Exchange. JunHe partners ZHANG, Ke, LI, Chenliang and WANG, Juewei (Jewel) led this project.

JunHe Advised on the First Stock Listing of Smart Driving Chips

Black Sesame completed its IPO on August 8, 2024, raising HKD 1.036 billion. This IPO was of great significance as it was the first stock of smart driving chips listed for sale on the Hong Kong Stock Exchange and the second company to go public under Chapter 18C of the Hong Kong Listing Rules for specialized technology companies. JunHe acted as the PRC legal counsel to the joint sponsor and underwriter and conducted legal due diligence on the issuer and its subsidiaries. We drafted, reviewed and revised the application and the issuance documents related to the listing, and prepared a full set of legal documents for the CSRC’s filing for the overseas listing. JunHe’s team provided PRC legal opinions and assisted in responding to feedback from the CSRC, the SFC, and the Hong Kong Stock Exchange, which contributed to Black Sesame’s successful listing on the Main Board of Hong Kong Stock Exchange.

In February 2025, Black Sesame completed the post-IPO placement, raising approximately HKD 1.245 billion. As the PRC legal counsel to the placement agent, we conducted legal due diligence and assisted in the successful conclusion of the placement agreement and the CSRC record filing. 

Setting a Benchmark for Full-Cycle Capital Market Services

Capital markets are one of JunHe's core practice areas. Our team comprises of over 70 partners and counsels, as well as hundreds of associates, making it the largest specialized team within JunHe. Our elite team has deep expertise and rich practical experience to navigate both domestic and international capital markets. From the early stages of company establishment and governance structure setups, to IPOs, refinancing, and bond issuance during the capital expansion phase, as well as domestic and international M&As, asset restructuring, and equity incentive programs during the maturity phase, JunHe's capital market team consistently provides clients with comprehensive, one-stop services. Chambers Greater China Region Guide commented, “The JunHe team has in-depth experience in capital markets, assisting clients on various complicated legal issues", which highlights our outstanding capabilities.

Standing at the forefront of capital market reform and global integration, we  continue to expand our legal services in capital markets while leveraging our professional wisdom to contribute to our clients’ development.

JunHe was also nominated for nine other awards.