First Japanese HKEx listing paves way for copycat deals

Author: | Published: 18 Apr 2011

Regulatory breakthroughs triggered by the first Japanese listing on the Hong Kong stock exchange (HKEx) should lead to future copycat deals, say lawyers working on the transaction

The secondary listing of internet-based financial group, SBI Holdings involved months of structuring to reconcile comparable Hong Kong and Japanese regulations, said SBI’s adviser Freshfields Bruckhaus Deringer’s China managing partner, Teresa Ko.

Under the terms of the deal, which also included the first fund-raising using Hong Kong Depositary Receipts (HDR) offering that totaled $167...