EXPERIENCE

Benjamin’s experience includes advising:

Equity Capital Markets

• The underwriters on the US$161 million initial public offering (IPO) of American depositary shares on the NASDAQ Global Market for Structure Therapeutics, a biopharmaceutical company with offices in the US and China
• The underwriters on China-based online learning service provider QuantaSing’s US$40.63 million IPO of American depositary shares on the NASDAQ Global Market
• GigaCloud Technology, a global end-to-end B2B ecommerce solutions provider for large-parcel merchandise, on its IPO of ordinary shares on the NASDAQ Global Market
• The underwriters on Taiwan-based Powerchip Semiconductor Manufacturing’s offering of US$410 million in global depositary receipts
• The underwriters on leading electronics transaction platform AiHuiShou International’s US$230 million IPO of American depositary shares on the New York Stock Exchange
• Tianqi Lithium, a leading global lithium producer, on its HK$13.5 billion (US$1.7 billion) H share IPO on the Main Board of The Stock Exchange of Hong Kong Limited
• The underwriters in one-stop travel platform Trip.com’s secondary listing and US$1.07 billion IPO on the Main Board of The Stock Exchange of Hong Kong Limited
• The underwriters on Chinese financial technology platform Futu Holdings Limited’s US$1.42 billion follow-on offering of American depositary shares on the NASDAQ Global Market
• The underwriters Chinese clinical-stage biopharmaceutical company Adagene’s US$140 million IPO of American depositary shares on the NASDAQ
• Kuaishou Technology, a leading content community and social platform globally, on its US$5.4 billion IPO and listing on the Main Board of the Hong Kong Stock Exchange
• The underwriters on Chinese e-vaping company RLX Technology’s US$1.6 billion IPO of American depositary shares on the New York Stock Exchange
• Tencent on its US$3 billion divestment and block trade of an aggregate of 14,492,751 Class A shares in Sea Limited, a leading internet company in Southeast Asia
• The underwriter on Taiwan-based Alchip Technologies' offering of US$195 million in global depository receipts
• The underwriters on leading Chinese smart electric-vehicle company XPeng’s US$1.7 billion IPO and US$2.5 billion follow-on offering of American depositary shares
• The underwriters on the US$620 million IPO of American depositary shares on the New York Stock Exchange for Yatsen Holding Limited, the parent company of Chinese cosmetics brand Perfect Diary
• The underwriters on Futu Holdings Limited’s offering of 9,500,000 American depositary shares
• The underwriters on the US$33 million IPO of American depository shares on the NASDAQ of Quhuo Limited, China’s largest workforce operational solution platform
• The underwriters on China Online Education Group’s offering of 1,122,682 American depositary shares listed on NYSE
• The underwriters on the US$130 million IPO of American depositary shares on the New York Stock Exchange of Phoenix Tree Holdings Limited (Danke, one of China’s largest co-living platforms)
• The underwriters on the US$40 million IPO of American depositary shares on the NASDAQ of EHang, an autonomous aerial vehicle technology platform company
• The underwriters on Chinese aesthetic medical services provider Aesthetic Medical International’s IPO on the NASDAQ Global Market
• ESR Cayman Ltd on its US$1.5 billion HK IPO and international offering, HK’s third largest IPO in 2019 and the largest real estate IPO in 10 years
• The underwriters on online brokerage platform Futu Holdings’ US$100 million IPO of American depositary shares on the NASDAQ
• The underwriters on the selling shareholder Baidu’s resale of 36,000,000 American depositary shares of Ctrip.com (including greenshoe portion), with an offering size of over US$1 billion

Debt Capital Markets

• The initial purchasers in Taiwan Semiconductor Manufacturing’s US$4.5 billion senior unsecured notes offering 
• The underwriters on Taiwan Semiconductor Manufacturing’s offering of US$400 million notes and US$600 million notes
• The initial purchasers in Taiwan Semiconductor Manufacturing’s US$3.485 billion three-tranche notes offering, comprising US$1.1 billion 1.25% notes due 2026, US$900 million 1.75% notes due 2028, and US$1.5 billion 2.250% notes due 2031
• Goldman Sachs International, J.P. Morgan, Morgan Stanley, Crédit Agricole CIB, and Citigroup, as underwriters on Taiwan Semiconductor Manufacturing’s offering of US$1 billion 0.750% notes due 2025; US$750 million 1.000% notes due 2027; and US$1.25 billion 1.375% notes due 2030 in the largest bond offering by a Taiwanese corporate to date
• The underwriters on the issuance of US$175 million 1.75% convertible senior notes due 2024 by Best Inc., an integrated smart supply chain solutions and logistics services provider in China
• The underwriters on the issuance of US$275 million 1.6% convertible senior notes due 2024 by Baozun, a leading brand e-commerce service provider in China
• The underwriters on the issuance of US$345 million 1% convertible senior notes due 2026 by Qudian Inc., a provider of online small consumer credit in China, including a capped call transaction

M&A

• Tencent on:
  • The US$1.4 billion de-SPAC merger between Silver Crest Acquisition Corporation, a special purpose acquisition company backed by Ascendent Capital Partners, and TH International Limited, the exclusive master franchise of Tim Hortons coffee shops in China
  • The proposal for its controlled subsidiary Huya to enter into a stock-for-stock merger with DouYu (of which Tencent is the largest shareholder), both US-listed and the two largest game live-streaming platforms in China
  • Its PIPE investment into TH International Limited
• Silicon Motion Technology, a Taiwan-based developer of NAND flash controllers, on the proposed US$3.8 billion take-private acquisition by MaxLinear, a California-based integrated circuits provider
• The buyers consortium on the take-private of GSMG, a digital media platform and content-driven e-commerce company in China
• Binance, one of the world’s largest cryptocurrency and blockchain infrastructure providers, on its proposed US$200 million strategic investment in Forbes, the iconic business information brand in the US 
• The buyer consortium led by Tencent and Hammer Capital on the going-private of Bitauto Holdings Limited, an US-listed internet content and marketing service provider focusing on the automobile industry, and Tencent as a joint offeror on the consequential mandatory general offer for Yixin Group Limited, Bitauto’s Hong Kong-listed subsidiary, as triggered by the Bitauto privatization
• Beijing Kuaishou Technology Co., Ltd. on its Series F financing from a group of prestigious international and Chinese investors led by Tencent