Deacons advises on Main Board IPO of HR solutions provider in China
December, 2019 - China
Deacons advised Renrui Human Resources Technology Holdings Limited in relation to its Main Board IPO, seeking to raise up to HK$1,098.2 million (subject to the exercise of over-allotment option).
The company is a fast-growing pioneer in human resources solutions in China with a self-developed online-to-offline (O2O) recruitment platform. The company is operating on the largest scale in terms of number of flexible staffing employees hired by the end of 2018, and revenue generated from flexible staffing services in 2018, according to a market research report commissioned by the company. The company focuses on serving renowned rising Chinese companies, including new economy companies and industry-leading corporations.
The company published its IPO prospectus on 3 December 2019. Dealings in its shares on the Main Board of the Hong Kong Stock Exchange are expected to commence on 13 December 2019.
The sole sponsor is BNP Paribas Securities (Asia) Limited.
Deacons team was led by Ronny Chow and Peter Cheng, Partners of the Corporate Finance Practice Group.
