Daying Zhang

Daying’s representative experience includes advising:

Capital Markets — Equity

• The underwriters on the US$40.63 million initial public offering of American depositary shares on the NASDAQ Global Market for QuantaSing, an online learning service provider in China
• The underwriters on the HK$179 million H shares initial public offering on the Main Board of the Hong Kong Stock Exchange for AIM Vaccine, the largest private vaccine company in China
• Jinmao Property Services, the leading high-end property management provider in China, on its HK$825 million initial public offering on the Main Board of The Stock Exchange of Hong Kong Limited
• The underwriters on the follow-on offering of US$1.42 billion American depositary shares by Futu, a financial technology platform in China, on the NASDAQ Global Market
• The underwriters in the secondary listing and US$1.07 billion initial public offering of Trip.com, a leading global one-stop travel platform, on the Main Board of The Stock Exchange of Hong Kong Limited
• The underwriters on the US$140 million initial public offering of American depositary shares on the NASDAQ for Adagene, a clinical stage biopharmaceutical company in China
• Kuaishou Technology, a leading content community and social platform globally, on its US$5.4 billion initial public offering and listing on the Main Board of the Hong Kong Stock Exchange
• The underwriters on the US$2.5 billion follow-on offering of American depositary shares by XPeng, a leading Chinese smart electric vehicle company
• The underwriters on the US$620 million initial public offering of American depositary shares on the New York Stock Exchange for Yatsen, the parent company of Chinese cosmetics brand Perfect Diary
• Nam Tai Property on the US$170 million private placement of its common shares with investors Kaisa Group and a large-scale integrated financial group based in Hong Kong
• The underwriters on the US$1.7 billion initial public offering of American depository shares on the New York Stock Exchange of XPeng, a leading smart electric vehicle company in China
• The underwriters on the offering of 9.5 million American depositary shares by Futu
• The underwriters on the US$33 million initial public offering of American depository shares on the NASDAQ of Quhuo, the largest workforce operational solution platform in China
• The underwriters on the offering of 1,122,682 American depositary shares listed on NYSE by China Online Education Group
• The underwriters on the US$130 million initial public offering of American depositary shares on the New York Stock Exchange of Phoenix Tree (Danke, one of the largest co-living platforms in China)
• The underwriters on the offering and sale of an aggregate of 36 million American depositary shares of Ctrip.com International by Baidu, including the option securities, at a total offering size of US$1 billion
• China New Higher Education Group on its HK$400 million private placement and top-up subscription
• The underwriters on the US$100 million initial public offering of American depositary shares on the NASDAQ of Futu, an online brokerage platform
• The underwriters on the US$207 million initial public offering and listing on the New York Stock Exchange of HUYA, a leading Chinese game-streaming platform*
• The underwriters on the US$110 million initial public offering and listing on the New York Stock Exchange of Huami Corporation, a leading smart wearables company based in Beijing*
• The underwriters on the US$166 million initial public offering and listing on the New York Stock Exchange of RYB Education, a leading Chinese pre-school education company*
• Sea Limited, the leading ‎internet company in Southeast Asia, on its US$884.5 million initial public offering and listing on the New York Stock Exchange*
• The underwriters on the US$1.4 billion initial public offering of American depositary shares and listing on the New York Stock Exchange of ZTO Express (Cayman), a leading express delivery company in China*
• The underwriters on the US$101 million initial public offering of American depositary shares on NASDAQ of Yintech Investment, a leading online provider of spot commodity trading services in China*
• Sky Solar on its US$44.2 million initial public offering of American depositary shares on the NASDAQ*
• iKang Healthcare Group on its US$152.7 million initial public offering of American depositary shares on the NASDAQ*
• Agricultural Bank of China on its initial public offering on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S, with a concurrent offering of A shares listed on the Shanghai Stock Exchange; with total proceeds of US$22.1 billion following the exercise of over-allotment options, the largest IPO ever at the time of offering*
• China Cinda Asset Management Company on its initial public offering on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S*

Capital Markets — Debt 

• Deutsche Bank, UBS, Morgan Stanley, BOCI, and Haitong Securities as underwriters on Minmetals Land’s issuance of US$200 million 7% senior guaranteed perpetual capital securities
• China Grand Automotive Services on its issuance of US$400 million of senior perpetual securities*
• The joint bookrunners and joint lead managers on the issuance of US$160 million 6.75% senior notes by China Singyes Solar Technologies, a Hong Kong-listed renewable energy solution provider and building contractor company in China*
• Haitong International Securities Company Limited on its investment in up to an aggregate amount of US$150 million in certain senior secured notes issuable by a Cayman issuer*
• China Grand Automotive Services, the leading passenger vehicle dealership and automobile services group and the leading passenger vehicle finance leasing provider in China, on its issuance of US$400 million of senior perpetual securities*
• Shenzhen Expressway, a Hong Kong-listed company, on its issuance of US$300 million of 2.875% investment grade bonds due 2021 listed on the Hong Kong Stock Exchange*
• Hydoo International, a Hong Kong-listed commercial property development company, which focuses on the development and operation of large trade and logistics projects in cities across China, on its issuance of US$100 millon of 13.75% senior notes due 2018*
• CNPC on its Rule 144A and Regulation S offerings of US$750 million guaranteed senior floating rate notes due 2017 and US$750 million guaranteed senior notes due 2019*
• The joint bookrunning managers on a Rule 144A and Regulation S offering of high-yield notes by MIE*
• The joint bookrunning managers on a Rule 144A and Regulation S offering of convertible notes by TAL Education Group*
• The representatives of the underwriters on the SEC-registered offerings of US$1.55 billion aggregate principal amount of senior notes and US$600 million aggregate principal amount of 7.875% fixed-to-floating-rate junior subordinated debentures by The Hartford Financial Services Group*
• Ally Financial on the SEC-registered offering of US$2.7 billion of trust preferred securities sold by the U.S. Department of the Treasury*
• PepsiCo on its SEC-registered offering of US$500 million aggregate principal amount of 0.875% senior notes due 2013, US$1 billion aggregate principal amount of 3.125% senior notes due 2020, and US$750 million aggregate principal amount of 4.875% senior notes due 2040*
• The joint bookrunning managers on a Rule 144A and Regulation S offering of US$650 million aggregate principal amount of 5.5% senior notes due 2019 by Legg Mason*
• The joint bookrunning managers and representatives of the underwriters on the filing of S-3 shelf registration statement and an SEC-registered offering of US$300 million aggregate principal amount of 2.95% senior unsecured notes due 2017 and US$500 million aggregate principal amount of 4.25% senior unsecured notes due 2022 by Wyndham Worldwide*
• The joint bookrunning managers and representatives of the several initial purchasers on a Rule 144A and Regulation S offering of US$200 million aggregate principal amount of 8.75% senior notes due 2019 by Kennedy-Wilson*
• The joint bookrunning managers on an SEC-registered offering of US$600 million aggregate principal amount of 3.50% senior notes due 2015, US$600 million aggregate principal amount of 5% senior notes due 2020, and US$300 million aggregate principal amount of 6.25% senior notes due 2040 by Aon*
• The joint structuring coordinators and bookrunning managers on a Rule 144A and Regulation S offering of US$1.25 billion aggregate principal amount of Series C junior subordinated notes by Liberty Mutual Group*

Litigations, Investigations, and Compliance Matters

Daying has also represented US-listed Chinese companies and multinational companies in their US securities, antitrust, and commercial litigations, as well as internal investigations and compliance programs.

*Matter handled prior to joining Latham