On July 22, 2020, Nanjing COSMOS Chemical Co., Ltd. (COSMOS, stock code: 300856.SZ) completed its IPO on the Growth Enterprise Market of the Shenzhen Stock Exchange. COSMOS issued 28,220,000 shares at a price of CNY 30.56 per share through the offering, totaling approximately CNY 785 million.

As one of the major producers of chemical sunscreen, COSMOS engages primarily in the R&D, production, and distribution of daily chemical raw materials. Its products cover cosmetic active ingredients and raw materials, synthetic perfumes, among many others. The company is uniquely suited to the R&D and production of sunscreen products, with its product line and quality management methodology providing a competitive advantage in the global sunscreen market. COSMOS is among the few domestic producers of daily chemicals ingredients that have passed the FDA audit and the certification of EFfCI. Its principal clients include some of the largest cosmetics makers and specialty chemicals companies in the world, such as DSM, Beiersdorf, Procter & Gamble, L’Oréal, Merck, Johnson & Johnson, as well as world-renowned fragrance and flavor and oral care product companies such as Givaudan, Firmenich, IFF, Symrise, Takasago, MANE, and Colgate.

As issuer’s counsel, Jingtian & Gongcheng’s legal team advised COSMOS throughout its IPO and listing. The firm provided thorough due diligence, solutions to legal and risk issues, documentation and work reports, written legal opinions, and formal responses to regulatory inquiries from the China Securities Regulatory Commission to help COSMOS complete its IPO. The team’s professionalism, responsiveness, and delivery of the requisite legal services received high acclaim by both the client and other intermediary institutions.