Zhong Lun Advises on Phoenix New Media’s IPO on NYSE
Zhong Lun Advises on Phoenix New Media’s IPO on NYSE
On May 12, 2011, Phoenix New Media Limited (ticker symbol: FENG), Phoenix TV’s subsidiary and a leading multi-platform new media company in China, announced its initial public offering (IPO) and listing of American Depositary Shares on the New York Stock Exchange, which has raised more than US$140 million. Morgan Stanley, Deutsche Bank and Macquarie Capital were the joint book runners of the offering.
Zhong Lun Law Firm acted as the issuer’ PRC legal counsel. The legal team from Zhong Lun for the offering was led by Anthony Zhao and Luke Zhang, and included Shen Jun, Ada Jiang etc. The Zhong Lun team represented Phoenix New Media for its private equity financing in November 2009.