October 3, 2013, Forgame Holdings Limited (Forgame) successfully launched its initial public offering (IPO) for a Hong Kong Stock Exchange main board listing under the stock code of 0484 and its shares soared more than 30% on the trading debut. The IPO was oversubscribed more than 300 times and froze more than HKD 54.6 billion in Hong Kong public offering, ranking the most oversubscription and frozen funds IPO to the date this year.

Forgame is the largest developer and publisher of webgames in China (according to net revenue), and the first Chinese webgame developer listing in Hong Kong when Chinese webgame development industry receives not enough recognition in North American market. This successful IPO set a good example for the webgame developers and mobile game developers intending to list in Hong Kong.

Jingtian & Gongcheng acted as the issuer’s PRC legal counsel and advised Forgame on its private equity financing and IPO within two and a half years.