As the Chinese legal adviser to the underwriter, Jingtian & Gongcheng acted on Yalla Group’s (Yalla, stock code: YALA) New York Stock Exchange IPO and listing that ended on September 30, 2020. Yalla Group offered 18.6 million American Depository Shares (ADS) at a maximum price of USD 9 per share to raise approximately USD 167.4 million.

Headquartered in Hangzhou, China, Yalla Group is the largest, online, voice-based, social networking and entertainment platform in the Middle East and North Africa. The company's voice-based networking features are available in more than 100 countries. Bringing local networking and social gatherings from offline to online, the company opened over 3.3 million voice chat rooms by the first half of 2020.

As one of the first Chinese law firms to provide IPO-related services to U.S.-based Chinese enterprises, Since 1994, Jingtian & Gongcheng has been the trusted legal adviser to China Yuchai International Limited and for issuers on NYSE IPOs and listings. We have successfully completed the listing of 10 Chinese enterprises in the U.S. in 2020, including KE Holdings Inc., WiMi Hologram, Meten EdtechX Education Group Ltd., Legend Biotech, Inc., uCloudlink, Burning Rock Dx, Ebang International, and ChaSerg. Jingtian & Gongcheng is a leading Chinese law firm with a solid reputation in overseas capital market transactions.