On March 25, 2021, Hywin Holdings Ltd. (the “Company”), represented by ABL Lawyers, commenced trading on the Nasdaq Exchange (“Nasdaq”) Global Market in the United States under the ticker symbol “HYW”. The Company issued 3 million American Depositary Shares ("ADS") at a price of $10 per ADS, raising US$30 million aggregate gross proceeds. The underwriters in this initial public offering of the Company are Network 1 Financial Securities, Alexander Capital and Valuable Capital.
The Company is established in Shanghai in 2006. The Company is the third largest third-party wealth management service provider in China. The Company primarily provides wealth management services, insurance brokerage services, asset management services and other services to its clients.
The AllBright legal team, led by Senior Partner Steve Zhu and included Senior Partner Frank Xu, Partner Joy Huang, associate Ken Lin, associate Elain Yu served as the legal counsels to the Company on its IPO and Nasdaq listing and advised on PRC legal matters.