US law firm Skadden Arps has lost its top Asia capital markets lawyer as the flow of Chinese companies selling shares in New York and Hong Kong dwindles.
Julie Gao is to move to Chinese tech giant ByteDance, the owner of TikTok, where she will take over as chief financial officer. The Beijing-based company has seen its own hopes for a near-term public offering dashed amid the country’s tech crackdown.
Gao has for years been a top dealmaker at Skadden, Arps, Slate, Meagher & Flom, shepherding through the public listings of dozens of Chinese companies in New York and Hong Kong.
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