GLO Advises on Listing of Molecular Data on NASDAQ

Molecular Data Inc. started trading of its 11,500,000 ADS under the ticker symbol "MKD" on the National Association of Securities Dealers Automated Quotations on 30 December 2019 in a price of US$5.38 per ADS for a total IPO size of US$61.87 million, or US$71.15 million including the over-allotment.

Molecular Data is a leading technology-driven platform in China’s chemical industry and the largest chemical e-commerce platform in China in terms of GMV in 2017 and 2018. Built upon its core knowledge engine and supported by its artificial intelligence (AI) engine and software-as-a-service (SaaS) suite, Molecular Data offers integrated solutions, including e-commerce solutions, financial solutions and warehousing and logistics solutions, to all participants across the chemical value chain mainly through its online platform。

Global Law Office acts as the PRC Legal Advisor to the Company, Molecular Data Inc., and provided a full range of PRC legal services throughout the IPO process. GLO team is led by our partners Mr. Jinrong Liu, Mr. Robert Sun and Ms. Shifang Guo, with support from our associates Qiuyan Dong, Sijing Zhang, Ruiqing Zhu, Ting Liang and Quanxin Li.

Jinrong Liu

Managing Partner

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Mr. Jinrong Liu, Managing Partner of Global Law office, is specialized in capital markets, M&A, PE/VC and taxation. Mr. Liu has advised on nearly 100 equity and debt offerings on Chinese and overseas capital markets including Hong Kong Stock Exchange, NASDAQ, New York Stock Exchange, Singapore Exchange, London Exchange and Toronto Stock Exchange.  His practice covers various industries including Internet, e-commerce, new energy, logistics, manufacturing, hi-tech, energy & resources, telecom, banking, financial services, shipping, real estate, retail, media, education, consumer products, infrastructure, utilities, pharmaceutical, life science, etc.

Robert Sun

Partner

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Mr. Robert Sun is a partner based in GLO Shanghai office. He is specialized in M&A, PE/VC, FDI, compliance and general corporate.

Shifang Guo 

Partner

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Ms. Shifang Guo is a partner based in GLO Beijing and Shenzhen offices. She is specialized in capital markets, M&A, PE/VC, FDI, outbound investments, and fund formation. Ms. Guo’s expertise covers various industries including agriculture, natural resources, infrastructure, education, media, telecommunication, technology and pharmaceutical.

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