Morrison & Foerster represented leading department store chain Maoye International Holdings in its US$343 million (HK$2.7 billion) initial public offering on the Main Board of the Stock Exchange of Hong Kong.  Goldman Sachs, HSBC, UBS and JP Morgan were the joint book runners and joint lead managers on the listing.

Maoye operates 15 stores in eight Chinese cities and focuses on the medium to high-end segment of the retail market. It plans to add another seven stores over the next two years. The department store operator has a leading market position in four special economic zones – Shenzhen, Zhuhai, Chongqing and Chengdu.

The Morrison & Foerster team was led by Hong Kong partners, J. Edward Li and Tien-yo Chao.