Wanka Completes IPO and Listing on the Hong Kong Stock Exchange
On December 21, 2018, Wanka Online successfully listed on the Main Board of the Stock Exchange of Hong Kong, raising approximately HK$271.9 million from a global offering of 76,390,000 shares. Wilson Sonsini Goodrich & Rosati acted as U.S. and Hong Kong counsel to Wanka Online in the global offering and listing.
Wanka Online is a fast-growing technology company in the mobile internet market, helping connect businesses from various industries to hundreds of millions of Android-based smartphone users in China. The company provides Android-based content distribution services for marketers seeking mobile advertising, online video distribution, and game co-publishing services.
The WSGR team was led by partners Weiheng Chen, Dan Ouyang, and KJ Tan and included counsel Winfield Lau; associate Zhenzhen Bao; special associates Baker Chen, Xinyi Wang, and Yuhang Li; and legal consultant Claire Chen.