Deacons advises on record-breaking Hypebeast IPO

Deacons recently advised Hypebeast Limited, on its HK$65 million listing on the Growth Enterprise Market (GEM) of the Hong Kong Stock Exchange.

Hypebeast debuted on 11 April 2016 and had the best first-day performance in 2016 of any Asian initial public offering this year. According to Bloomberg data, the shares soared as high as HK$2.80 and closed at HK$1.05, a 708-percent jump.

Hypebeast is a digital media company and e-commerce platform headquartered in Hong Kong. It produces and distributes award-winning digital content that reports on the latest trends in fashion, lifestyle, culture and music through its platforms including Hypebeast.com, Hypetrak.com and Popbee.com websites, and related apps. Its e-commerce platform, comprising HBX store website at hbx.com; and HBX store app, primarily sells third-party branded clothing, shoes, accessories to end-users

Hypebeast was also advised by DLA Piper Hong Kong, Conyers Dill & Pearman and Husch Blackwell and Eversheds.

Deacons’ team is led by corporate finance partner Sabrina Fung.