O’Melveny & Myers represented Deutsche Bank and Morgan Stanley as joint bookrunners in Longtop Financial Technologies Limited’s (NYSE: LFT) (“Longtop”) approximately US$133.0 million follow-on public offering.

Longtop offered 4.255 million American depositary shares (“ADSs”), representing 4.255 million ordinary shares of Longtop, including 555,000 ADSs representing full exercise of the underwriters’ greenshoe option at US$31.25 per ADS.

Longtop plans to use the net proceeds of the offering for potential acquisitions and for general corporate purposes.

The O’Melveny team consisted of partner Kurt Berney (SH), counsel Scott Graziano (NB), associates Stephanie Sheng (HK) and Cheng Wang (SH), and Shanghai legal consultants Henry Chen, Di Zijun and Chelsea Xuan. Partner Larry Sussman (BJ) and associates Anita Choi (HK) and Cindy Huang (BJ) advised on tax matters.