Zhong Lun Advised on Yunji’s IPO on NASDAQ
On May 7, 2019, Yunji Inc. (Nasdaq: YJ), a leading social e-commerce platform in China, announced the closing of its initial public offering and listing of American depositary shares on the Nasdaq Global Market, raising the total gross proceeds of US$121 million prior to the exercise of the over-allotment option. Morgan Stanley, Credit Suisse, J.P. Morgan and CICC acted as the joint underwriters for the offering.
Zhong Lun Law Firm acted as the PRC legal counsel to the joint underwriters in the offering. The legal team from Zhong Lun was led by Anthony Zhao, Jane Jin and William Jia, and combined the forces from both Shanghai and Hangzhou offices; other members included Chen Jucong, Summer Huang, Cai Weizhuan, Chen Dan, Tang Yanlin and Jorah Zhou, etc. Gavin Zhang also provided legal support in his area of expertise.