Coach Creates A Path For Other U.S. Companies To List In Hong Kong
Mondaq Business Briefing › Hong Kong Law Articles in English (2012)
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Coach Creates A Path For Other U.S. Companies To List In Hong Kong
Fried Frank advised leading accessories brand Coach in connection with its December 1st listing of Hong Kong depositary receipts (HDRs) representing Coach common stock on the Hong Kong Stock Exchange. The listing makes Coach the first company incorporated in the United States to list in Hong Kong. In connection with the listing, Coach also obtained a no-action letter from the SEC Staff on November 28th which granted relief from certain of the requirements of Regulation S under the Securities Act of 1933 (the 1933 Act).1 Approval of the listing by the Hong Kong regulators, as well as the SEC Staff's decision, serve as important precedents for other U.S. companies considerin...
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