S&C Advises Underwriters in Chervon Holdings IPO on Hong Kong Exchange

December 30, 2021

Chervon Holdings completed its global offering and listing on the Hong Kong Stock Exchange, raising $402 million, which could rise to $462 million if a greenshoe option is exercised in full. 
 
Chervon is a supplier of power tools and outdoor power equipment. It owns five brands: EGO, FLEX, SKIL, DEVON and X-TRON. Chervon's EGO brand, established in 2013, is a well-known electric outdoor power equipment brand in the United States and other markets.
 
S&C acted as Hong Kong and U.S. law counsel to the underwriters: China International Capital Corporation, Citibank, HSBC, BOCOM International and CMBI.
 
The S&C team was led by Kay Ian Ng and Ching-Yang Lin in Hong Kong and Gwen Wong in Beijing. Wally Jones, Tracey Russell and Joon Seok Hong advised on matters related to financial services. Jeff Hochberg and Saul Brander advised on tax-related matters.