Paul Hastings LLP and Cleary, Gottlieb, Steen & Hamilton LLP are understood to have been appointed as lead advisers on the IPO of Shuanghui International Holdings Limited, estimated to be worth up to $6 billion. Raymond Li of Paul Hastings is thought to be advising the issuer on the deal. Cleary is understood to be representing the underwriting banks, with Freeman Chan heading the team.