On December 23, 2022, TechStar Acquisition Corporation (TechStar), a special purpose acquisition company (SPAC), successfully listed on the Main Board of the Stock Exchange of Hong Kong, raising approximately HK$1.0 billion (US$128.5 million) from the offering. This makes TechStar the fifth Hong Kong-listed SPAC under the city’s new SPAC regime since January 1, 2022. Wilson Sonsini Goodrich & Rosati acted as TechStar’s U.S. and Hong Kong counsel in the transaction.
The sponsors of TechStar include CNCB (Hong Kong) Capital Limited, Zero2IPO Consulting Group Co., Ltd., Zero2IPO Capital Limited, Mr. Zhengdong Ni, Mr. Zhu Li, and Mr. Wai Kit Lau. TechStar will focus on identifying high-growth de-SPAC targets in the “new economy” sector in China, including but not limited to innovative technology, advanced manufacturing, healthcare, life sciences, culture and entertainment, consumer and e-commerce, green energy, and climate actions industries that align with the national economic trends and industrial policies.
The Wilson Sonsini team representing TechStar in this transaction includes:
Corporate
Dan Ouyang
Can Yin
Ke Li
Xinyi Wang
Meichen Liu
Vincent Wang
Rong Ma
Hera Poon
For more information, please see TechStar’s investor relations page.