Assisting a Chinese domestic Internet company to get listed on NASDAQ

A domestic Internet company has completed its Series D financing in China (raising over $300 million) and has some of its employees exercising their shareholdings in China, and intends to list on the NASDAQ. We assisted the client with the following matters.

• Domestic and foreign structure restructuring.

• Tax planning and arrangements for the restructuring.

• Capital flow planning and arrangements for the restructuring.

• Assisting founders and certain employees to complete the foreign exchange registration.

• Assisting domestic institutional investors to communicate with the commercial department, development and reform department and foreign exchange department, applying for overseas investment filing and capital remittance.

• Assistance in setting up overseas structures (British Virgin Islands companies, Cayman Islands companies and Hong Kong companies) and opening bank accounts.

• Assistance in the establishment, merger and acquisition, absorption and demerger of domestic entities.

• Assistance in registering domestic employees to participate in share incentive schemes of overseas listed companies.

• Assistance with the establishment of founders; family trusts and employee trusts.

• Assistance in handling interviews with domestic industry regulators.