HONG KONG (JUNE 30, 2026) – Sullivan & Cromwell LLP announced today that Steven Hsu will join the firm as a partner in its Capital Markets Group, based in Hong Kong.
“Steven is a top capital markets lawyer with deep experience advising clients on some of the most significant IPOs in Asia,” said Sullivan & Cromwell Co-Chairs Robert Giuffra and Scott Miller. “His addition reflects our continued commitment to our clients in the Asia-Pacific region, which will allow us to further expand our work for issuers in the rapidly growing Hong Kong and greater Asia capital markets.”
Mr. Hsu has advised on some of the most high-profile IPOs of leading Chinese companies. His practice focuses on corporate finance and capital markets transactions, including IPOs in Hong Kong and the United States, dual primary and secondary listings, and rights offerings. He also regularly advises listed companies on corporate governance and regulatory compliance matters. His extensive experience spans the technology, financial services, consumer goods, life sciences, real estate and infrastructure sectors.
Mr. Hsu has advised the issuers in the following recent transactions:
- Delton Technology (Guangzhou) Inc.’s US$423 million Hong Kong IPO. The deal marks the first “A+H” listing of a PCB manufacturer and the first listing of a high-performance server PCB company on the Hong Kong market.
- Fibocom Wireless Inc.’s US$372 million Hong Kong IPO. Fibocom is a leading wireless communication module provider, expanding its footprint into Edge AI solutions.
- Fortior Technology (Shenzhen) Co., Ltd.’s US$289 million Hong Kong IPO. Fortior Technology is a pioneering IC design company specializing in BLDC motor control chips.
- Suzhou Novosense Microelectronics Co., Ltd.’s US$284 million Hong Kong IPO. Novosense is a leading IC design company specializing in analog and mixed-signal chips.
“Steven’s arrival enhances our market-leading capital markets practice in Hong Kong and across Asia,” said Kay Ian Ng, Managing Partner of Sullivan & Cromwell’s Hong Kong office. “Asia’s capital markets continue to evolve rapidly, creating new opportunities for companies seeking access to global investors and international markets. Steven’s experience advising issuers and underwriters on complex equity offerings, coupled with his trusted counsel on governance and regulatory matters, will be of tremendous value to our clients.”
Mr. Hsu said, “Sullivan & Cromwell has long been at the forefront of the most innovative and consequential transactions in the Asia-Pacific region and globally. I’m proud to join the team.”
Mr. Hsu has been recognized as one of the “Growth Drivers” of The A-List 2025–26 by China Business Law Journal and was named “Rising Star of the Year” at the IFLR Asia-Pacific Awards 2019. He earned his J.D. from Fordham University School of Law, an LL.M. from Boston University School of Law and an LL.B. from National Chengchi University.
About Sullivan & Cromwell LLP
Sullivan & Cromwell LLP is a leading global law firm that advises on major domestic and cross-border M&A, significant litigation and corporate investigations, finance and corporate transactions, and complex antitrust, regulatory, tax and estate planning matters. Our firm’s hallmarks are the highest-quality independent advice and intense dedication to solving client problems. Founded in 1879, S&C has more than 1,000 lawyers located in offices in New York, Washington, D.C., Los Angeles, Palo Alto, London, Frankfurt, Paris, Brussels, Hong Kong, Beijing, Tokyo, Melbourne and Sydney.
About Sullivan & Cromwell's Capital Markets Practice
With a depth of experience stretching back to the preparation of the first major registration statement under the Securities Act, S&C’s role in the development of global capital markets is unmatched. Today, our Capital Markets lawyers are routinely at the leading edge of the global capital markets, advising our clients in their most significant transactions and regulatory considerations, while playing a key role in recent developments pertaining to securities disclosures and the structuring of capital markets offerings. S&C is known as a “Go-To Firm” for complex, global IPOs – having worked on six of the 10 largest IPOs ever, including those for Alibaba (2014; second-largest IPO) and SoftBank (2018; third-largest IPO) – among other equity transactions.
About Sullivan & Cromwell's Hong Kong Office
Established in 1992, Sullivan & Cromwell’s Hong Kong office serves as a strategic point for significant transactions involving China and Asia-Pacific companies or assets. The firm also advises clients on significant cross-border transactions across Asia and globally.
Drawing on deep insight into China and international markets, together with the firm’s global resources, S&C provides tailored advice designed to advance clients’ commercial and business objectives. The Hong Kong office advises on mergers and acquisitions, capital markets, corporate finance, special situations, restructuring, fund formation and investment, and private equity matters. The office has built longstanding relationships with many Chinese companies and developed extensive experience in corporate transactions, making S&C a law firm of choice for clients undertaking major transactions.
Notably, S&C’s Hong Kong office was named 2025 “Deal Firm of the Year” at Asian Legal Business’ Hong Kong Law Awards and was recognized as a “Recommended Firm” by IFLR1000 2025-2026. The team was also recognized at the China Business Law Awards for its Outbound M&A practice and in the Automotive, Industrials and Manufacturing, and Fintech & Blockchain categories.
Recent representations include advising:
- DCP Capital on its innovative acquisition from Alibaba entities of its majority stake in, and mandatory general offer for, Sun Art Retail Group, valuing the target at approximately $2 billion
- ENN Natural Gas on its proposed pre-conditional $11.6 billion privatization of ENN Energy Holdings and its proposed concurrent listing on the Hong Kong Stock Exchange
- Innolux’s subsidiary CarUX Holding in its $1.1 billion acquisition (enterprise value) of 100% equity interest in Pioneer Corporation from EQT
- On the Hong Kong IPOs of Genfleet Therapeutics—the largest Chapter 18A Hong Kong IPO since 2022 at the time of listing; Delton Technology—the first “A+H” listing of a PCB manufacturer and the first Hong Kong listing of a high-performance server PCB company; Fibocom Wireless—the first Chinese wireless communication module company to complete a dual A+H listing; and Fortior Technology—the first motor control IC design company to list in Hong Kong
- On the $2 billion convertible bond offering of Wiwynn Corporation, the largest-ever overseas convertible bond offering by a Taiwan-based company
- On OwlTing’s direct listing on the Nasdaq Global Market, making it the first Asia-based fintech company to complete a direct listing in the U.S.
- ProLogium Holding Inc. in its definitive agreement with Translational Development Acquisition Corp., a SPAC, for a de-SPAC transaction and listing on NASDAQ valuing ProLogium at $3.8 billion
- Bondholders on No Va Land’s novel restructuring of convertible bonds
- Creditors in reaching important milestones in the offshore restructurings of China SCE Group and Golden Wheel Tiandi