Golden Flag Represents Super Hi on its Successful Dual Listing on Nasdaq

Golden Flag International Law Firm represented Super Hi International Holding Ltd. (“Super Hi”) on its initial public offering in the United States, making it the first high-profile company to list first in Hong Kong and then in the United States in recent years. Super Hi offered 2,692,700 American Depositary Shares (“ADSs”) at a price of US$19.56 per ADS, with each ADS representing ten (10) ordinary shares. The ADSs began trading on the Nasdaq Global Market under the ticker symbol “HDL” on May 17, 2024 and the offering closed on May 21, 2024. Morgan Stanley Asia Limited and Huatai Securities (USA), Inc. acted as joint bookrunners for the offering.

The Golden Flag team was led by capital markets partners Mengyu Lu, Ming Kong, Samantha Peng and Ashlee Wu. Capital markets partner Brian Ho also provided assistance.