–ICR’s Asia Practice Helped Asia-Based Firms Raise More Than $1.9bn–
–Capital Raised Exceeds Combined Total of All Other Communications Firms–
Beijing, China – January 9, 2020 – ICR, a leading strategic communications and advisory firm, today announced that its Asia practice provided capital markets communication support to the three largest U.S. IPO transactions of Asia-based companies in 2019, namely those of DouYu International, a Chinese eSports live stream platform, Luckin Coffee, a Chinese new retail coffee chain, and OneConnect Financial Technology, a technology-as-a-service platform for financial institutions in China.
“In 2019, ICR Asia clients listing in the U.S. raised close to $2 billion in proceeds, which was more capital raised than the client IPO’s of all other communications providers combined,” said Bill Zima, Partner at ICR. “Once again, our unique ability to provide industry focus at scale placed ICR as the market leader in providing strategic communications services to companies transacting high profile capital market raises. With over 100 transactions in the last five years and client relationships extending years beyond the IPO, our success attests to the value we provide clients through our platform of sector-specific strategies, full and flexible services, and experienced senior professionals supported by bilingual staff.”
ICR’s Asia practice serves approximately forty private and public companies based in Asia. Since 2006, the firm has helped executive management teams across Asia reach their long-term goals and potential with strategic communications advisory and support in areas including investor relations, public relations, crisis communications, and digital media solutions. In 2019, the Asia practice also supported a high profile IPO in Hong Kong, the U.S. IPOs of a social e-commerce company and a retail brokerage platform, and the deal announcement communications of two SPAC transactions.
Robin Yang, Managing Director in ICR Asia’s investor relations practice, continued, “Our Asian clients recognize that we offer the highest quality services in the sector. Our unparalleled value proposition of combining communications insight with Wall Street experience, and exceptional ability to draw upon deep industry and functional expertise, means that we are the advisors of choice to the management teams of industry leaders in the region.”
Edmond Lococo, Managing Director in ICR Asia’s public relations practice, added, “This year, our public relations practice continued its track record of not only maximizing the PR potential of an IPO, but developing and executing effective, ongoing strategic communications programs for prominent Asia-based companies. Our achievements for clients this year included winning placement on the cover of Bloomberg Businessweek’s Asia edition, and recognition as the World’s Most Innovative Company by Fast Company. Through an integrated communications framework, our team of former journalists from top-tier media outlets and veterans of global agencies are uniquely positioned to help public and private companies maximize company valuation, lower risk, and strengthen stakeholder relationships.”
Established in 1998, ICR partners with its clients to execute strategic communications and advisory programs that achieve business goals, build awareness and credibility, and enhance long-term enterprise value. The firm’s highly-differentiated service model, which pairs capital markets veterans with senior communications professionals, brings deep sector knowledge and relationships to more than 750 clients in approximately 20 industries. ICR’s healthcare practice operates under the Westwicke brand (www.westwicke.com). Today, ICR is one of the largest and most experienced independent communications and advisory firms in North America, maintaining offices in New York, Norwalk, Boston, Baltimore, San Francisco, San Diego and Beijing. Learn more at www.icrinc.com. Follow us on Twitter at @ICRPR.