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The Piacente Group handled the $2.4B IPO of Shanghai-based Hesai Technology, which is the largest public offering in the US of a Chinese company since 2021.
Hesai makes laser-based sensors for automakers and autonomous driving companies.
Bob McCooey, Asia-Pacific chair at NASDAQ, told the Financial Times that he hopes Hesai’s IPO Feb. 8 “cleared the dark clouds that hung over the US capital markets for Chinese companies.”
Piacente Group’s Brandi Piacente and Jenny Cai represent Hesai.
Piacente launched her IR and financial communications firm in 2005 to work exclusively with Asia-based companies that are listed in Hong Kong, New York and in southeast Asia. It has offices in Beijing, Shanghai, Hong Kong, San Francisco, Miami and New York.
Prior to setting up her own shop, Piacente was a managing director at Anne McBride Co, senior account executive at The Financial Relations Board and IR manager at Evolve Software, which was acquired by Oracle.
She’s fluent in Mandarin and is a Kung-fu champion (Taiwan 1992).
Joele Frank represents Philadelphia-based Axalta Coating Systems as it agrees to merge with Amsterdam’s AkzoNobel in a deal valued in the $25B range.
Interpublic posted a 5.1 percent drop in Q3 net revenues to $2.5B as CEO Philippe Krakowsky reports the final financial results of the publicly traded company.
Joele Frank handles Pine Gate Renewables as the Asheville, NC-based solar power development company declares Chapter 11 in the aftermath of Donald Trump’s cuts to wind & solar tax credits.
Stagwell CEO Mark Penn reports Q3 net revenues jumped 6 percent to $614.5M, a record performance for a non-political period. Operating income soared 45.7 percent to $60.9M.
Joele Frank works for Klöckner Pentaplast as the German maker of plastic films declares Chapter 11. A successful reorganization would slash its its corporate debt by $1.5B.
