MetaLight Inc. ("MetaLight", 2605.HK) officially debuted on the Main Board of the Hong Kong Stock Exchange on June 10. In this listing, the company globally offered 24,856,000 shares at an offer price of HK9.75 pershare, raising total proceeds of approximately HK242 million.
As China's leading real-time public transit information platform service provider, MetaLight has established an integrated ecosystem encompassing data collection, analysis, and application through its flagship mobile app "Chelaile". The company is committed to optimizing urban public transportation efficiency and enhancing commuting experiences through big data analytics and artificial intelligence technologies.
Cooley HK acted as Hong Kong and U.S. legal counsel to the company, while Han Kun Law Offices served as PRC legal counsel. Paul Hastings assumed the role of Hong Kong and U.S. legal counsel to the underwriters, with CM Law Firm providing PRC legal advisory services to the underwriting syndicate.