Gleiss Lutz advises Vesync in connection with its IPO on the Hong Kong Stock Exchange
A team of Gleiss Lutz lawyers has advised Chinese company Vesync Co., Ltd. on German law in connection with its IPO at the Stock Exchange of Hong Kong (SEHK). The IPO provided Vesync with fresh capital of around USD 230 million.
Vesync is a Chinese provider of domestic appliances that distributes its products under the Etekcity (smart devices), Cosori (intuitive kitchenware) and Levoit (small household appliances) brands in eight different countries, primarily on the US and European online markets. The company offers its own IoT platform for smart products sold under its brands where devices as varied as fitness trackers or air filters can be controlled by the VeSync App. More than 1.2 million active devices are currently connected to the VeSync App.
The following Gleiss Lutz team advised Vesync on the German law aspects: Dr. Stephan Aubel (partner, Corporate and Capital Markets), Dr. Michael Burian (partner, Corporate, both lead), Jannik Hermes (Corporate and Capital Markets, all Frankfurt), Dr. Alexander Werder (partner, Stuttgart), Dr. Ocka Stumm, Dr. Dominik Monz (both Frankfurt, all Tax), Dr. Marc Ruttloff (partner), Lisa Freihoff (both Product law, Stuttgart), Dr. Hannah Bug (IP/IT, Berlin).
Gleiss Lutz has a leading China practice which frequently advises Chinese companies on M&A deals, IPOs in China and Hong Kong and other aspects of business law.