Coach, Inc. Lists On The Hong Kong Stock Exchange: A Harbinger Of Things To Come?
Mondaq Business Briefing › Hong Kong Law Articles in English (2011)
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Coach, Inc. Lists On The Hong Kong Stock Exchange: A Harbinger Of Things To Come?
On December 1, 2011, Hong Kong depositary receipts ("HDRs") representing common stock of Coach, Inc. began trading on the Hong Kong Stock Exchange (the "HKSE"), a marketplace that is increasingly becoming a listing destination for global companies. Coach's common stock will remain listed on the New York Stock Exchange (the "NYSE"), and the secondary listing on the HKSE will not involve a capital raise by Coach. Paul Hastings represented J.P. Morgan in its role as sponsor for the HKSE listing, depositary for the common stock underlying...
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