Sweet deal on edible alcohol
DLA Piper has represented Piper Jaffray (lead manager) and Cowen & Company, Oppenheimer & Co and Newbridge Securities (co-managers) in relation to edible alcohol producer China New Borun
DLA Piper has represented Piper Jaffray (lead manager) and Cowen & Company, Oppenheimer & Co and Newbridge Securities (co-managers) in relation to edible alcohol producer China New Borun Corporation's US$40 million ($43.9 million) initial public offering (IPO) of shares listed on the New York Stock Exchange.
Based in Shandong Province, China New Borun is a leading producer and distributor of corn-based edible alcohol in China.
The company's products are mostly sold as an ingredient to producers of Baijiu, a popular, grain-based alcoholic beverage sold throughout China.
Commerce & Finance Law Firm advised the underwriters as to PRC law.