Acted as Cayman Islands counsel to XCHG Limited ("XCHG"), in relation to its initial public offering of 3,333,335 American depositary shares representing 133,333,400 class A ordinary shares of XCHG on Nasdaq Capital Market (the "Offering"). XCHG offers comprehensive EV charging solutions which primarily include the DC fast chargers named the C6 series and the C7 series, the advanced battery-integrated DC fast chargers, as well as accompanying services. XCHG's integrated solution combining proprietary charging technology, energy storage technology and accompanying services significantly improves electric vehicle("EV") charging efficiency and unlocks the value of energy storage and management. The Offering, which closed on 11 September 2024, raised approximately US$20.7 million. The Maples team comprised partner Matt Roberts and of counsel, Jessica Zhan. XCHG was advised by Davis Polk & Wardwell LLP as to US law and Fangda Partners as to PRC law. US Tiger Securities, Inc. acted as the sole underwriter for the Offering which was represented by Greenberg Traurig, LLP as to US law, and by Haiwen & Partners as to PRC law.
PRESS RELEASE
18 October 2024
XCHG Limited – US IPO - Closed On 11 September 2024
Maples Group
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The Maples Group is a leading service provider offering clients a comprehensive range of legal services on the laws of the British Virgin Islands, the Cayman Islands, Ireland, Jersey and Luxembourg, and is an independent provider of fiduciary, fund services, regulatory and compliance, and entity formation and management services.
cted as Cayman Islands counsel to XCHG Limited (“XCHG”), in relation to its initial public offering of 3,333,335 American depositary shares representing 133,333,400...