Clifford Chance advises autonomous truck company CiDi on its Chapter 18C listing in Hong Kong

Global law firm Clifford Chance has advised CiDi Inc. (CiDi) on its initial public offering and listing on the Main Board of the Hong Kong Stock Exchange, under the Exchange’s Chapter 18C listing regime for Specialist Technology Companies. The listing raised approximately HK$1.4 billion.

CiDi is a provider of intelligent driving products and solutions for commercial vehicles in China and the first autonomous mining truck company to list in Hong Kong.

Partner Fang Liu said. “We are honoured to advise CIDI on its landmark listing, which marks a key step in bringing advanced autonomous driving to market and highlights how it is empowering productivity and efficiency. Hong Kong continues to stand out as a leading venue for listings by companies pioneering and scaling cutting-edge technologies.”

Partners Fang Liu and Virginia Lee co-led the deal with support from counsel Claire Cao and Haoze Zheng, associates Ryan Ho, Elaine Lau, Hester Choi, Bryan Lu* and Yuanyang Li, legal assistant Kelly Shi, trainee solicitors Julie Luo and Nianyi Ye, paralegals Calvin Wong, Norah Li and Sampson Koo.

Clifford Chance previously advised on the Chapter 18C listings of Black Sesame and Deepexi Technology.

* From Shanghai He Ping Law Firm. Clifford Chance LLP and Shanghai He Ping Law Firm have established a Joint Operation in the China (Shanghai) Pilot Free Trade Zone under the name Clifford Chance LLP and Shanghai He Ping Law Firm (FTZ) Joint Operation Office with the approval of the Shanghai Bureau of Justice.