Hong Kong – December 29, 2022 –
Cooley advised STAR CM, a variety program intellectual property
creator and operator, on its HK$390 million ($50 million) initial
public offering of 14,731,600 shares at a public offering price of
HK$26.50 on the Hong Kong Stock Exchange, subject to the
overallotment option. Partners Michael Yu and Will Cai led the
Cooley team.
The IPO initially consists of 1,473,600 Hong Kong Offer Shares
(subject to adjustment) and 13,258,000 International Offer Shares
(subject to adjustment and the overallotment option). The offering
comprises the Hong Kong public offering and the international
offering outside the United States and in offshore transactions in
accordance with Regulation S of the US Securities Act.
