Clifford Chance advises Mao Geping Cosmetics on its US$300 million IPO and listing in Hong Kong

Global law firm Clifford Chance has advised leading Chinese beauty company Mao Geping Cosmetics on its initial public offering and listing on the main board of the Hong Kong Stock Exchange. The IPO is expected to raise approximately US$300 million.

Tim Wang, Chair of China Practice, and partners Jean Thio and Tianning Xiang led the deal, with support from counsel Claire Cao and Qingqing Bu, senior associates James Zhang and Joy Chen, associates Ruonan Tang, Yaping Li, April Zhang, and Cathy Qian, trainee solicitor Cian Fang, legal specialist Janssen Yang, and legal analysts Jill Zhao, Kelsey Lu and Lisa Yan.

Tianning said, “We are delighted to have advised Mao Geping Cosmetics, one of China’s leading beauty brands, on its successful listing, paving the way for the company’s next chapter of growth. This transaction highlights our firm’s deep expertise in capital markets and Greater China coverage. In particular, it builds on our track record of advising consumer companies in the region on their most significant transactions.”

Mao Geping Cosmetics was founded in 2000 by Mao Geping, one of China’s most well-known celebrity makeup artists. The premium cosmetics company offers a range of makeup and skincare products, sold through department stores in China and e-commerce platforms.

Clifford Chance has advised on the major transactions of several beauty companies, including the privatisation of L’Occitane International, as well as the Hong Kong IPOs and listings of Beauty Farm, Shanghai Chicmax and Giant Biogene.