Vixtel Technologies Completes Listing on HKSE's Growth Enterprise Market by Way of Placing

On December 15, 2016, Vixtel Technologies Holdings Limited announced that it has been listed on the Growth Enterprise Market of the Stock Exchange of Hong Kong by way of placing. The placing comprised a total of 102,800,000 shares, with gross proceeds of approximately HK$76.1 million. Wilson Sonsini Goodrich & Rosati acted as Hong Kong legal counsel to the sole sponsor and underwriters of Vixtel Technologies in connection with the listing.

Vixtel Technologies is a market leader in China's application performance management (APM) industry. In terms of the contract value in 2015, Vixtel Technologies is the third-largest APM products and services provider in China and the largest on-premise APM products and services provider in China.

The WSGR team advising Vixtel Technologies was led by partners Dan Ouyang and Khoon Jin Tan and included associates Winfield Lau and Tracy Ji and PRC law consultants Dong Huang, Qin Zou, and Erwin Qin.