Foxit Software Incorporated (Foxit Software, stock code: 688095.SH) completed its IPO and listing on the SSE STAR Market on September 8, 2020, raising approximately CNY 2.87 billion at CNY 238.53 per share. Following the offering, Foxit Software will have a market capitalization of approximately CNY 16.849 billion. Foxit Software is the first Portable Document Format (PDF) software developer listed on the A-share market and a new stock with the second-highest offering price ever on the market.
Foxit Software is an innovative company that provides Portable Document Format (PDF) software and services to both individuals and enterprises across the world. It also leverages its proprietary intellectual property to develop basic and general software, which enables the company to further enhance the capacity for independent R&D and international competitiveness. The company’s products are now available in over 200 countries and regions, with its products downloaded hundreds of millions of times. Foxit Software’s key clients include respected enterprises and institutions, such as Dell, Amazon, Microsoft and Google.
As Foxit Software’s longstanding partner, Jingtian & Gongcheng’s legal team provided legal services to the company as the issuer. Representative experience over the past decade includes Foxit Software’s introduction of Amazon, compliance management, investment & financing and NEEQ (over-the-counter market) listing. We provided comprehensive, legal services for the IPO and listing of the company, including legal due diligence, coordinating with U.S., Australian, Japanese and German counsel on legal due diligence on the company’s overseas operations, and assisting Foxit Software in drafting and finalizing the standards for overseas investment, terms of valuation adjustment, state assets equity, overseas taxation and employee stock ownership. We assisted the company in submitting an IPO application in the midst of the evolving COVID-19 pandemic and successfully completing its IPO and listing within less than six months, generating recognition from the client and the relevant intermediaries.
