Ogier advises Haoxi Health on Nasdaq IPO

Ogier acted as Cayman Islands counsel to Haoxi Health Technology Limited on its initial public offering (IPO) of Class A ordinary shares on The Nasdaq Capital Market.

Haoxi Health received total gross proceeds of US$9.6 million from the offering before deducting underwriting discounts and other offering expenses.

Haoxi Health is an online marketing solution provider which provides customised one-stop marketing solutions for healthcare companies in China.

Ogier's leading Equity Capital Markets team in Hong Kong has considerable experience advising Chinese companies on US IPOs. The team was led by senior associate Carmen Leung with support from the firm's global head of Corporate Nathan Powell, and paralegal Jenson Ng.

EF Hutton LLC acted as sole book runner for the offering. Hunter Taubman Fischer and Li LLC acted as US counsel to Haoxi Health and Pryor Cashman LLP acted as US counsel to the underwriters in connection with the IPO. Sino Pro Law Firm acted as PRC counsel to Haoxi Health.