AdTiger Corporations Limited (AdTiger, stock code: 01163.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange on July 10, 2020, offering 150 million shares at HKD 0.86 per share. The offering was in high demand from global institutional and individual investors, with shares over-subscribed 5.18 times from Hong Kong and 7.15 times from the international market respectively.

AdTiger is an online advertising platform that provides comprehensive overseas marketing solutions to Chinese enterprises. The company helps Chinese enterprises advertise on various leading foreign media platforms to acquire global clients and also assists media publishers, including Facebook, Google, Snapchat, Twitter and Yahoo, in ad monetization. In 2019, the company assisted advertisers in reaching approximately 250 countries and regions, generating almost 83 billion ad impressions. Through this record-setting period, AdTiger’s earnings increased by 28.1% annually from CNY 116.4 million in 2017 to CNY 191.11 million in 2019.

As the Chinese legal adviser to the sponsor and the underwriter, Jingtian & Gongcheng’s legal team provided comprehensive legal services for AdTiger’s IPO and Hong Kong listing, including Chinese legal due diligence, reviewing and amending the legal opinions, reviewing and amending the prospectus, and managing regulatory requests and inquiries, leading to recognition from the client on the quality and efficiency of our work.