On December 22, 2023, Pu’er Lancang Ancient Tea Co., Ltd. (Pu’er Lancang) successfully listed on the Main Board of the Stock Exchange of Hong Kong (SEHK), raising approximately HK$224.7 million (US$28.8 million) from its IPO, or approximately HK$258.4 million (US$33.1 million) if the underwriters exercise their over-allotment option in full. Wilson Sonsini Goodrich & Rosati acted as the issuer’s U.S. and Hong Kong counsel in the IPO and SEHK listing.

In its 20-plus years of operation, Pu’er Lancang, the third largest Pu’er tea company in China, has launched many popular product lines under esteemed brand names, including 1966, Tea Mama, and Iland Tea, to meet the different demands from a wide range of consumer groups, and is now the first IPO of Pu’er tea in Hong Kong’s capital market, according to the company press release.

The Wilson Sonsini team that represented Pu’er Lancang in the IPO and SEHK listing includes:

Corporate
Dan Ouyang
Can Yin
Ke Li
Erwin Qin
Rujin Ruan
Darren Zhuang
Frank Wei

Tax
Myra A. Sutanto Shen
Han Shen

For more information, please see the news release.