JL MAG Rare-Earth Co., Ltd. (“JL MAG”; Stock Codes: 300748.SZ and 6680.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange on January 14, 2022. The company offered 125,466,000 shares at HK$33.80 per share, raising approximately HK$4.05 billion (before exercising the over-allotment option).

JL MAG was listed on the Growth Enterprise Market of the Shenzhen Stock Exchange on September 21, 2018. The company is a high-tech enterprise focused on the R&D, production and sales of high-performance NdFeB rare earth permanent magnets, as well as a leading producer and supplier of core materials in the fields of new energy, energy conservation and environmental protection. 

As the legal adviser to the sponsor, Jingtian & Gongcheng's legal team provided professional solutions and opinions on the legal matters concerning the IPO, and assisted JL MAG and the sponsor in making application documents and answering inquiries from the regulator, thus successfully finishing the IPO-related legal work.