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Squire Patton Boggs Advises on JJ Auto IPO in Germany and Poland

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Squire Patton Boggs has acted for JJ Auto AG, a leading Chinese manufacturer and supplier of automotive parts for the Chinese market, on its parallel IPO on the Frankfurt Stock Exchange and Warsaw Stock Exchange.

Since earlier this week, JJ Auto's shares are listed in the regulated market (General Standard) of the Frankfurt Stock Exchange and the regulated market (Parallel Market) of the Warsaw Stock Exchange. 

Founded in 1998, JJ Auto is a specialized and dynamically growing manufacturer and supplier of automotive parts for commercial vehicles and heavy-duty machines. JJ Auto is based in Fujian province and exclusively sells its products in the Chinese market, particularly in the provinces of Fujian, Hubei, Yunnan, Zhejiang, Jiangsu and Henan, where the demand for commercial vehicles and heavy-duty machines is experiencing rapid growth. 

Led by Corporate Partner and Capital Markets expert Benjamin Kroymann in Shanghai, a cross-border team from Squire Patton Boggs’ Shanghai, Berlin, Frankfurt, and Warsaw offices advised JJ Auto on the listing, including setting up the listing vehicle, conducting the pre-IPO reorganization of the group, preparing the securities prospectus, and coordinating the prospectus approval procedure with the German regulator BaFin. Besides Kroymann, the Squire Patton Boggs team included Furong Ren and Leon Xu in Shanghai, Kai Mertens and Navid Anderson in Berlin, Thomas Busching and Andreas Fillmann in Frankurt, and Marcin Wnukowski, Pawel Magierowski, and Dominika Kupisz in Warsaw. 

In a statement released by Squire Patton Boggs, Kroymann expressed his pride at the work:“We are delighted that our global group has represented another successful Chinese business on its listing in Europe, where there is continued appetite for investment opportunities in dynamic companies and potentially high growth markets. This is the second IPO of a Chinese company on the Warsaw Stock Exchange and we are happy to be moving into this new and promising market for Chinese issuers at such an early stage."