ANE (Cayman) Inc. (“ANE”; Stock Code: 09956.HK) completed its IPO and listing on the Main Board of the Hong Kong Stock Exchange on November 11, 2021. The company offered 80.22 million shares (72.198 million shares offered in the international market and 8.022 million offered in Hong Kong) at HK$13.88 per share, and was expected to raise approximately HK$1.009 billion (before exercising the over-allotment option). 

ANE operates a leading express freight network in China's less-than-truckload (LTL) market, delivering timely and comprehensive freight transportation services as an LTL service provider with nationwide coverage. According to iResearch, the company's express freight network is the largest in China in terms of total freight volume in 2017, 2018, 2019 and 2020.

As the Chinese legal adviser to the issuer, Jingtian & Gongcheng's legal team provided comprehensive and full-process legal services for the pre-IPO round financing and listing of ANE, including conducting Chinese legal due diligence, analyzing and addressing key legal problems, offering Chinese legal opinions and assisting in answering feedback from the regulator, thus successfully finishing the IPO-related legal work in China. The legal team was highly trusted and recognized by the client for its strict work attitude, as well as timely and efficient services.