Legal counsel representing the issuer JD.com in the largest initial public offering so far by a China-based company in the US capital market say they managed to overcome some hefty challenges not often seen in listings of this nature.
“We faced great work pressure in the course of JD’s listing, due to the large scale of the issuer’s business and assets, the tight schedule, and the fact that application documents must be disclosed to the public the first time they are submitted,” Anthony Zhao, a Shanghai-based partner at Zhong Lun Law Firm, told China Business Law Journal.
