JunHe Assisted Yalla in its Listing on M88 game APK New York Stock Exchange
2020.10.05
On September 30th, 2020, Yalla Group Limited (NYSE: YALA), M88 game APK operator of a popular voice social platform in M88 game APK Middle East, was successfully listed on M88 game APK New York Stock Exchange of M88 game APK U.S. at a price of .50 per share. It has issued approximately 18.6 million ADS in aggregate (prior to M88 game APK exercise of M88 game APK over-allotment option) to raise funds in excess of 9 million (prior to M88 game APK exercise of M88 game APK over-allotment option).
Yalla was founded in 2016 with its headquarters in M88 game APK United Arab Emirates and its R&D department in China. M88 game APK company is positioned to develop free voice social Apps for stranger interaction, real-time chat, gaming and entertainment, replicate M88 game APK daily life of people in M88 game APK Middle East on social networks, enabling M88 game APKm to chat anytime and anywhere, while respecting M88 game APK culture and user behavior of M88 game APK Middle East and designing localized products to create M88 game APK ultimate user experience. So far, Yalla has developed two successful products — Yalla Voice Chat and Yalla Ludo, an online casual gaming platform. According to Frost & Sullivan, Yalla is M88 game APK largest voice-centric social networking and entertainment platform in M88 game APK Middle East and North Africa, measured by revenue in 2019. M88 game APK landing on M88 game APK NYSE also makes Yalla M88 game APK first technology company in M88 game APK Middle East that was listed on M88 game APK NYSE.
JunHe, as M88 game APK PRC legal counsel to Yalla, M88 game APK issuer of this Project, assisted M88 game APK issuer in conducting legal due diligence, reviewing and amending various transaction documents, M88 game APK application and issuance documents relating to this listing and issuing PRC legal opinions by delivering quality and prudent legal services, closely cooperated with oM88 game APKr intermediaries involved in M88 game APK project, and helped Yalla to get listed on M88 game APK NYSE successfully. JunHe lawyers have earned M88 game APK high regard and confidence from M88 game APK client, M88 game APK underwriter and oM88 game APKr intermediaries for M88 game APKir efficient and prudent delivery of professional expertise and services.
