Sidley Austin recently represented Powerlong Real Estate Holdings Limited in connection with its initial public offering listed on the Hong Kong Stock Exchange with concurrent global placements pursuant to Rule 144A and Regulation S. The IPO raised approximately HK$2.75 billion (US$352.5 million). Powerlong is a leading property developer in China specializing in the development of large-scale and multi-functional commercial complexes. The Sidley team was led by partners Timothy Li and Constance Choy, both of the Hong Kong office.