DLA Piper has represented Piper Jaffray (lead manager) and Cowen & Company, Oppenheimer & Co and Newbridge Securities (co-managers) in relation to edible alcohol producer China New Borun Corporation's US$40 million ($43.9 million) initial public offering (IPO) of shares listed on the New York Stock Exchange.
The DLA Piper team was led by Hong Kong partner Gene Buttrill, in conjunction with associates Minxia Gu and David Pendergast - both located in Hong Kong - and Qiu Chen from DLA Piper's Beijing office.
Based in Shandong Province, China New Borun is a leading producer and distributor of corn-based edible alcohol in China.
The company's products are mostly sold as an ingredient to producers of Baijiu, a popular, grain-based alcoholic beverage sold throughout China.
Commerce & Finance Law Firm advised the underwriters as to PRC law.