Harneys advises GalaxyCore Inc on its CN¥3.593 billion IPO on the Shanghai STAR Market

Harneys acted as Cayman Islands counsel to GalaxyCore Inc in relation to its CN¥3.593 billion listing on the Science and Technology Innovation Board of the Shanghai Stock Exchange on 18 August 2021.

GalaxyCore Inc is a leading innovative design company, developing, manufacturing and distributing semiconductor and integrated circuit solutions for image sensors and display driver chips used in a variety of electronic products around the world.

The Harneys team was led by Counsel Jessie Xu, with support from global co-head of Corporate Raymond Ng. Harneys’ associated corporate and fiduciary services arm, Harneys Fiduciary, provided registered office services to the employee stock ownership plan platforms of GalaxyCore Inc.

Jessie Xu commented: “We congratulate GalaxyCore on their landmark listing and we are pleased to have advised them throughout this process.” Raymond Ng added: “Our team continues to showcase its expertise and capabilities, advising companies from a variety of industries and sectors on their successful listings on the world’s top exchanges.” 

Vicky Lord, Shanghai Managing Partner said: “We are at the forefront in advising an increasing number of Cayman Island companies listing in the People’s Republic of China and we expect this trend to continue. Harneys has solidified itself as China’s go-to firm for companies looking to list on any stock exchange around the world, but particularly those in mainland China. Our team of on-the-ground experts in Shanghai sets us apart from competitors and we look forward to continuing to provide this unparalleled service to clients throughout the region.”

The corporate team at Harneys advises on complex cross-border transactions involving Cayman Islands, British Virgin Islands, Luxembourg and Cyprus corporate vehicles. The firm’s significant track record includes advising on high profile private equity transactions, landmark IPOs, as well as public and private M&A and joint ventures. The group’s expertise lies in advising entities listed or listing on all major stock exchanges, including the New York Stock Exchange, NASDAQ, the London Stock Exchange, AIM, the Hong Kong Stock Exchange, Shanghai Stock Exchange and the Luxembourg Stock Exchange. Through Aristomedou Loizides Yiolitis LLC, Shanghai Representative Office (Cyprus), Harneys’ Shanghai team provides an award-winning range of offshore legal services and fiduciary services. Our Shanghai-based team allow our China based clients to easily access the full range of incorporation, formation, fiduciary, directorship and trustee and trust administration services.