On 17 September 2024, Midea Group Co., Ltd. (Midea Group, stock code: 000333.SZ/0300.HK) successfully issued H-shares and listed on the Main Board of the Stock Exchange of Hong Kong, achieving its A+H dual listing. The offering size was approximately US$3.978 billion, increasing to approximately US$4.575 billion if the green shoe is fully exercised. This IPO represents the largest in the Hong Kong market in the past three years and the largest by a Chinese company globally in the past two years. Midea Group also became the first A-share listed company to complete an H-share IPO following the implementation of the overseas listing registration system.
Su Zheng (center), Ye Shengjie (right), and Wu Shuangkexin (left) from KWM team
Midea Group is a global technology group specialising in smart home, new energy and industrial technology, smart building technology, and robotics and automation. It has been listed on the Fortune Global 500 for nine consecutive years, with operations in over 200 countries and regions.
In this project, King & Wood Mallesons (KWM) acted as the PRC counsel to the joint sponsors and underwriters, providing comprehensive support for all aspects of the project. The team assisted in solving complex issues encountered throughout the process with professional, high-quality and efficient services, which was key to the successful completion of Midea Group’s H-share IPO.
The KWM team was led by partners Gong Mulong, Su Zheng and Huang Xiaoxue, with support from Ye Shengjie, Yuan Bingyu, Liu Yang, and Wu Shuangkexin.
