First Foreign Company With VIE Structure Goes Public In China
By EsqSocial Corporation 03/11/20
On October 29, 2020, Ninebot, a leading supplier of electric scooters incorporated in the Cayman Islands, went public on China’s Science and Technology Innovation Board (the “STAR Board”). This makes the company the first foreign-incorporated company using a VIE structure to issue Chinese Depositary Receipts (“CDRs”) in China......
By: Morrison & Foerster LLP