Cases
Hylands Assists the IPO of Flowing Cloud on the Main Board of the Hong Kong Stock Exchange
On September 29, 2022, Flowing Cloud Technology Ltd. successfully made its initial public offering on the main board of the Hong Kong Stock Exchange and was scheduled to be officially listed on October 18, 2022, with the stock code 06610.HK.
Flowing Cloud engages in providing AR/VR content and services in China, known as ‘the first listed company of metaverse’ of the Hong Kong Stock Exchange. According to the information provided by its appointed industry consultant, Flowing Cloud ranked first in the AR/VR content and service market in China in terms of revenue. Flowing Cloud is also developing its Flowing Metaverse Platform. Through the development of the platform and the use of Metaverse to connect small and medium-sized enterprises, Flowing Cloud devotes to building China’s leading Metaverse Platform to serve commercial customers in the future.
Hylands served as the legal adviser of the issuer in China, and attorney Guoguang ZHANG was the lead attorney providing legal services throughout the offering and listing. Relying on the rich legal service experience accumulated in the field of overseas IPO, attorney Guoguang ZHANG’s legal team participated in all aspects of the issuer’s red-chip restructuring, domestic legal due diligence, and various legal-related work in China during the listing process, and provided the issuer with comprehensive, professional, high-quality and efficient legal services, which were highly praised by the issuer and other intermediaries.