Cleary Gottlieb represented Huazhu Group Limited (Huazhu) in a $783 million (excluding over-allotment option) SEC-registered global offering of ordinary shares and secondary listing on the Main Board of the Hong Kong Stock Exchange.
Goldman Sachs and CMBI acted as joint sponsors, joint global coordinators, joint bookrunners, and joint lead managers, and CLSA, J.P. Morgan, and Morgan Stanley acted as joint global coordinators, joint bookrunners, and joint lead managers.
The offering priced on September 16, 2020, and closed on September 22, 2020. The shares began trading on the Hong Kong Stock Exchange on September 22, 2020.
Huazhu is a leading and fast-growing multibrand hotel group in China with international coverage. As of June 30, 2020, Huazhu operated 6,187 hotels with 599,235 rooms in operation in 16 countries. Its ADSs are listed on the NASDAQ Global Select Market under the symbol “HTHT.”