Helens International Holdings Company Limited (“Helens”, Stock Code: 09869.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange on September 10, 2021, becoming “the first pub operator to go public”. The company offered shares at HKD 19.77 per share, raising net proceeds of approximately HKD 2.513 billion (before the exercise of Over-allotment Option).

Helens operates the largest network of chain pubs in China. The company topped other Chinese pubs in 2020 by revenue, accounting for 1.1% market share. As of 21 August, 2021, Helens has 528 branded pubs, all under its direct management. 

Jingtian & Gongcheng’s legal team in Mainland China served as the domestic legal adviser to the issuer and its Hong Kong team served as the Hong Kong legal adviser. Through coordinated cross-border efforts, Jingtian & Gongcheng’s legal teams provided one-stop, end-to-end legal services for the successful listing of Helens, including but not limited to establishing the red chip structure, conducting legal due diligence, offering legal opinions and advice, drafting prospectus and answering inquiries from the regulator.