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Stephen Peepels

Head of US Securities – Asia-Pacific, Foreign Legal Consultant

Stephen Peepels

Stephen Peepels heads our U.S. Securities practice in Asia-Pacific, based in our Hong Kong office. Widely recognized as one of the region's most experienced corporate finance attorneys, Stephen advises on a variety of cross border transactions, including international securities offerings and pre-IPO financings, as well as going private transactions. With a focus across Asia-Pacific, Stephen has assisted companies and financial advisors in Australia, India, Southeast Asia and Greater China as they seek to raise capital. Stephen led the first Rule 144A high yield debt offering from India, and has also advised on several multi-billion dollar IPOs on the Hong Kong Stock Exchange. In the private M&A space, he helped Larsen & Toubro to buy a significant division from Dell Computer.  He also regularly represents companies in developing and implementing corporate governance and compliance programs. 

Stephen began his legal career at the U.S. Securities and Exchange Commission’s Division of Corporation Finance, where he was responsible for identifying issues in public companies’ Securities Act and Exchange Act registration statements and other SEC filings.  After the SEC, he began private practice as a securities attorney in New York. He also worked in London, San Francisco and Singapore before relocating to Hong Kong. In addition to his focus on Hong Kong IPOs, he has worked on more than 20 convertible bond offerings, and equity offerings on the NYSE, Nasdaq and various Asian stock exchanges. He is also a recognized market leader in India, having advised on India's largest ever IPO, the US$3.4 billion offering by Coal India Limited, among his more than 30 Indian equity offerings. 

Stephen is recognised as a leading lawyer in Capital Markets by virtually all legal directories, including Chambers Asia for Greater China, and was named as a leading individual in India Capital Markets.

Stephen is a Member of the Pennsylvania Bar and a Foreign Legal Consultant at the Hong Kong Law Society.

Stephen Peepels is highlighted by one client as "very intelligent, commercial and knowledgeable." 

Chambers Asia Pacific 2016

Representative Experience

Representing Spring REIT in its Hong Kong initial public offering, led by Credit Suisse.

Representing Linc Energy on its US$200m convertible bond offering led by Credit Suisse, and on its subsequent US$125m senior secured high yield bond offering.

Advising JPMorgan, UBS and China International Capital Corporation (CICC), as underwriters in the US$2.6 IPO on the Hong Kong Stock Exchange by China Merchants Bank.

Advising Morgan Stanley, UBS and CICC, as lead underwriters in the US$1.6bn IPO and listing on the Hong Kong Stock Exchange of Fosun International.

Advising Credit Suisse, as lead underwriter in connection with the US$10.8bn global offering of shares and ADSs of Telstra Corporation.

Advising Actions Semiconductor Co., Ltd in two SEC-registered public offerings, 1) US$74m IPO and listing on the NASDAQ, and 2) US$83m follow-on public offering.

Advising Larsen & Toubro Limited, one of India's largest multinational conglomerates, in the purchase of a significant division of Dell Corporation.

Advising SK Telecom, and its subsidiary SK Networks, in the highly negotiated sale of a US$200m block of shares in NASDAQ-listed SK Telecom.

Advising Citigroup and Digitel Telecommunications Phils., Inc. in the Philippine IPO and concurrent international offering under Regulation S and Rule 144A.

Acting for the underwriters and global coordinators, Citibank, UBS, ICICI, Kotak Mahindra and SBI Capital on the US$1.1bn offering by Power Grid Corporation of India.

Advising the issuer, Power Finance Corporation Ltd. and the Government of India, on a follow-on public offering in India for US$790m.

Advising the Government of India on a follow-on public offering by divestment of the Oil and Natural Gas Corporation Ltd for US$1.0bn.

Advising the Government of India and Coal India Limited, the world’s largest coal miner, on the company’s US$3.43bn IPO.

Advising the underwriters (Citigroup, Bank of America Merrill Lynch and IDFC) on the equity offering by Shriram Transport Finance Company of US$125m.

Advising JPMorgan and Benpres Holdings Corporation in the Regulation S/Rule 144A offering of US$150m of Convertible Guaranteed Notes of Benpres Holding Corporation.

Advising the underwriter, Credit Suisse in Otto Marine Ltd.'s US$100m IPO and listing on the Singapore Stock Exchange.

Education and admissions

Education

  • B.S.B.A., University of Pittsburgh, 1987

Bar admissions and qualifications

  • State of Pennsylvania, USA

 

Leading individual, Hong Kong Capital Markets (Debt and Equity)

Legal 500 Asia Pacific

 

Leading individual, China Capital Markets: Equity.

Chambers Asia Pacific

 

Leading individual, India Capital Markets.

Chambers Asia Pacific

 

Leading individual

IFLR1000

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