Baoxin Auto Group Limited in a HK$3.2 Billion IPO

December 14, 2011

Cleary Gottlieb represented Baoxin Auto Group Limited, a leading luxury auto dealership group in China, and its controlling shareholders, in a HK$3.2 billion (US$414.2 million) initial public offering and listing on the Main Board of the Hong Kong Stock Exchange. The offering, which closed on December 14, was underwritten by Morgan Stanley, JP Morgan and CMB International.