Shearman & Sterling advised the underwriters, led by Morgan Stanley & Co. LLC, Deutsche Bank Securities Inc. and Citigroup Global Markets Inc., in Wanda Sports Group's $190 million initial public offering. The shares began trading on the Nasdaq Global Select Market under the symbol “WSG” on July 26, 2019.  

Beijing-based Wanda Sports Group is one of the world’s largest sports events, media and marketing platforms in terms of revenue. The company provides media production and media distribution, sponsorship and marketing and events operation for rights owners, brands and advertisers, and fans and athletes. It owns Switzerland-based Infront Sports & Media, a leading sports marketing company, and Tampa-based World Endurance Holdings, a leading provider of mass participation sports events including IRONMAN triathlons.

The team was led by partner Matthew Bersani (Hong Kong-Capital Markets), with support from partner James Webber (London-Antitrust), associate Lulu Zhou (Hong Kong-Capital Markets) and legal manager Ariel Chou (Hong Kong-Capital Markets).

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NOTES TO EDITORS:

About Shearman & Sterling:

With more than 850 lawyers in 23 offices, Shearman & Sterling is a global law firm that partners with corporations, major financial institutions, emerging growth companies, governments and state-owned enterprises to provide the legal and industry insight needed to navigate the challenges of today and achieve their ambitions of tomorrow. Our lawyers come from some 80 countries and speak more than 60 languages.