Skadden Advises China Real Estate Information Corp. on IPO and M&A

U.S.- and Hong Kong-based Skadden lawyers represented China Real Estate Information Corporation (CRIC), in its US$248 million IPO and listing on the NASDAQ Global Select Market. The IPO closed on October 22, 2009. CRIC is a leading provider of real estate information, consulting and online services in China. The transaction was structured as a carve-out IPO from its parent company, E-House Holdings Limited, a leading real estate services company in China, which is listed on the NYSE. Skadden also advised CRIC on its approximately US$775 million merger (executed concurrently with the IPO) with the online real estate business of SINA Corporation, a leading media company and mobile value-added service provider in China.