TI Cloud Prices Hong Kong IPO

June 30, 2022

Hong Kong – Paul Hastings, a leading global law firm, announced today that the firm has advised the sole sponsor and underwriters on the HK$559 million (approximately US$71 million) global offering and listing of TI Cloud Inc. on the Main Board of the Hong Kong Stock Exchange.

China International Capital Corporation Hong Kong Securities Limited acted as the sole sponsor, and together with Macquarie Capital Limited acted as the joint global coordinators, joint bookrunners and joint lead managers. CMB International Capital Corporation Limited, BOCI Asia Limited, Shenwan Hongyuan Securities (H.K.) Limited, Tiger Brokers (HK) Global Limited, and Futu Securities International (Hong Kong) Limited acted as the joint bookrunners and joint lead managers. Livermore Holdings Limited and Silverbricks Securities Company Limited acted as the joint lead managers.

TI Cloud is one of the largest providers of customer contact solutions deployed in public clouds in China, which offers a broad array of cloud-native customer contact solutions that enable enterprises to engage in multi-channel customer interactions.

The Paul Hastings team was led by Raymond Li, global partner and chair of Greater China, and corporate partners Chaobo Fan and Vincent Wang, with support from of counsel Eric Wong, associate Mengying Li, legal managers Ray Huang and Estella Zhang, and China associates Guozhen Wang and Felix Chen.

About Paul Hastings

Dedicated to providing intellectual capital and superior execution to the world’s leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity, and litigation. We are one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets, and real estate finance.

Paul Hastings is ranked as one of the top firms in the world in The American Lawyer’s “Premier League” for momentum, profit and prestige amongst firms in the 2022 American Lawyer 100.