Chris Lin, Yi Wang, Sarah Tang
January 24, 2026
Simpson Thacher Hong Kong Represents Xiwang Special Steel in a US$171 Million Global Offering

1 min
AI-made summary
- Xiwang Special Steel Company Limited conducted a global offering of 500,000,000 ordinary shares, including an initial public offering and listing on the Hong Kong Stock Exchange, as well as an international offering under Rule 144A and Regulation S
- The offering raised approximately US$171 million
- Xiwang Special Steel was the first sizable company to complete an IPO and listing on the Hong Kong Stock Exchange in 2012
- The company produces both ordinary and special steel.
~~The Hong Kong office of the Firm represented Xiwang Special Steel Company Limited (“Xiwang Special Steel”) in its global offering of 500,000,000 ordinary shares. The global offering includes Xiwang Special Steel initial public offering and listing on the Hong Kong Stock Exchange and its international offering conducted pursuant to Rule 144A and Regulation S. Xiwang Special Steel has raised aggregate proceeds of approximately US$171 million from the global offering. Xiwang Special Steel was the first company of size to consummate an initial public offering and listing on the Hong Kong Stock Exchange in 2012. Xiwang Special Steel produces both ordinary steel and special steel.~~~~The Simpson Thacher team working on this transaction included Chris Lin, Yi Wang and Sarah Tang.
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Chris Lin, Yi Wang, Sarah Tang
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