Kai Sun specializes in capital markets and mergers and acquisitions, with extensive experience representing both issuers and underwriters in a wide range of transactions, including initial public offerings (IPOs), follow-on equity offerings and debt offerings. He also regularly advises on public takeovers and private acquisitions, going-private transactions, joint ventures, minority investments and dispositions, as well as compliance-related matters for listed companies and corporate governance issues.
Prior to joining KWM, Kai worked as a partner at a top tier US international law firm. He previously honed his expertise at two other leading international law firms.
Kai is qualified in Hong Kong. He holds a Bachelor of Arts in Jurisprudence from the University of Oxford and obtained his Postgraduate Certificate in Laws (PCLL) from the University of Hong Kong.
Kai speaks fluent Mandarin, Cantonese and English and is proficient in negotiating and drafting legal documents in Chinese and English.
Kai’s notable experience includes representing the following:
Capital Markets
- Midea Group Co., Ltd. in its US$4 billion Hong Kong IPO and global offering*
- TUHU Car Inc. in its US$138 million Hong Kong IPO and global offering*
- SharkNinja, Inc. in its spin-off from JS Global Lifestyle Company Limited (a Hong Kong listed company) and listing on the New York Stock Exchange*
- YSB Inc. in its US$40 million Hong Kong IPO and global offering*
- Lufax Holding Ltd. in its Hong Kong dual primary listing by way of introduction*
- Qifu Technology, Inc. (previously known as 360 DigiTech, Inc.) in its US$35 million Hong Kong secondary listing*
- ClouDr Group Limited in its US$74 million Hong Kong IPO and global offering*
- Weibo Corporation in its US$385 million Hong Kong secondary listing*
- Weibo Corporation in its US$330 million offering of 1.375% convertible notes*
- Acted for the underwriters in the US$258 million Hong Kong IPO and global offering of Clover Biopharmaceuticals, Ltd. *
- Transcenta Holding Limited in its US$83 million Hong Kong IPO and global offering*
- The underwriters in the US$3.1 billion Hong Kong secondary listing of Baidu, Inc. *
- Baidu, Inc. in its US$300 million offering of 1.625% green bonds and US$700 million offering of 2.375% green bonds listed on the Hong Kong Stock Exchange*
- Li Auto Inc. in its US$1.52 billion Hong Kong dual primary listing*
- Li Auto Inc. in its US$2 billion at-the-market (ATM) offering*
- DiDi Global, Inc. in its US$4.4 billion US IPO and global offering*
- Linklogis Inc. in its US$1 billion Hong Kong IPO and global offering*
- JOINN Laboratories in its US$844 million Hong Kong IPO and global offering*
- Pop Mart International Group Limited in its US$674 million Hong Kong IPO and global offering*
- Innovent Biologics, Inc. in its US$300 million placing of new shares*
- Hangzhou Tigermed Consulting Co., Ltd. in its US$1.37 billion Hong Kong IPO and global offering*
- China Youran Dairy Group Limited in its US$644 million Hong Kong IPO and global offering*
- Kingsoft Cloud Holdings Limited in its spin- off from Kingsoft Corporation Limited (a Hong Kong listed company) and US$510 million U.S. IPO on Nasdaq*
- InnoCare Pharma Limited in its US$287 million Hong Kong IPO and global offering*
- Tongcheng Travel Holdings Limited (previously known as Tongcheng-Elong Holdings Limited) in its US$180 million Hong Kong IPO and global offering*
- Tongdao Liepin Group (previously known as Wise Talent Information Technology Co., Ltd) in its US$352.6 million Hong Kong IPO and global offering*
- Yancoal International Resources Development Co., Ltd. in its US$500 million senior guaranteed perpetual capital securities offering*
- Zhejiang Expressway Co., Ltd. in its EUR365 million offering of zero coupon H share convertible notes*
- China Resources Beer (Holdings) Company Limited in its HK$9.5 million rights offering*
M&A and Public Takeovers
- Lufax Holding Ltd. in its US$110 million mandatory general offer by Ping An Insurance (Group) Company of China, Ltd. (ongoing) *
- Zhihu Inc. in its US$55 million share repurchase by general offer (ongoing) *
- Innovent Biologics, Inc. in its EUR300 million investment by, and strategic cooperation with, Sanofi*
- Inner Mongolia Yili Industrial Group Company Limited in its US$378 million privatization of China Zhongdi Dairy Holdings*
- Li & Fung Limited in its US$920 million privatization by a consortium formed by its controlling shareholders and GLP*
- Intime Retail (Group) Co. Ltd. in its US$2.55 billion privatization by Alibaba Investment and Intime International Holdings*
- Aluminum Corporation of China Limited in its US$326 million privatization of Chinalco Mining Corporation International*
- Joy City Property Limited in its disposal of a 49% shareholding in six mixed-use complex property projects in the PRC to subsidiaries of China Life and GIC*
- China Resources Beer (Holdings) Company Limited in its acquisition of a 49% interest in China Resources Snow Breweries*
- Thai Hot Investment Co., Ltd. in its acquisition of Dah Sing Life, Dah Sing Insurance Services and Macau Life from Dah Sing Financial Holdings Limited and Macau Insurance Company*
- Li & Fung Limited in its divestment of its Asia consumer and health care distribution businesses*
*Including matters have been done before joining KWM
