

Equity Capital Markets
Our top tier international equity capital markets team, present in every key financial centre and stock exchange, has unrivalled experience advising issuers and underwriters on equity transactions. We are known for advising on the largest and most complex transactions in the market.
Our advice covers the full range of equity financing structures including initial public offerings (IPOs), rights issues, secondary offerings, equity bridge financing, private placements and reverse takeovers.
Deeply embedded within our ECM practice is a fully integrated U.S. offering. Our U.S. corporate finance lawyers advise on all aspects of U.S. securities law including SEC-registered offerings, Rule 144A and Regulation S offerings, American and Global Depositary receipts offerings, high-yield offerings, convertible bonds and equity warrants.
Not only are we renowned for being world-class transactional lawyers, we foster deep and trusting relationships with our clients, from early stages of growth, to listing and beyond, throughout life as a publicly listed company.
Our experience and knowledge means we are able to offer insightful and tailored legal advice coupled with efficient project management.
Explore our services
Our recent experience
Initial public offerings (IPOs)
Allen & Overy has extensive experience in advising issuers and underwriters on the largest and most complex IPOs in the market.
Recent experienceEquity fundraising
We advise on the full range of equity financing structures, including rights issues, secondary (or “follow-on”) offerings, equity bridge financing and private placements.
Recent experienceSpecial purpose acquisition companies (SPACs)
Our team have experience advising on SPAC IPOs and business combinations in the U.S., Europe and beyond. We also regularly assist sponsors, investors and companies entering into a business combination with a SPAC.
Recent experienceNews and insights

News: 30 April 2021
A&O wins a host of awards including International Law Firm of the Year at IFLR Europe Awards 2021
Allen & Overy has picked up a total of 11 awards at the 2021 International Financial Law Review (IFLR) Europe Awards 2021, including the prestigious prize for International Law Firm of the Year.

Article: 16 October 2020
Equity capital markets in 2020: gaining momentum
After a soft start to the year in EMEA, we saw a large number of accelerated equity capital market raises, particularly from UK listed companies, and which over the summer transitioned into a number…

News: 28 March 2023
Allen & Overy advised IHO Verwaltungs GmbH (IHO Verwaltung) in connection with the placement of EUR 500 million in principal amount of its Sustainability-Linked Senior Secured PIK Toggle Notes due…

News: 24 March 2023
Allen & Overy advises TUI AG on EUR 1.8 bn capital increase
Allen & Overy is advising TUI AG ("TUI") in connection with a capital increase with subscription rights from the Authorised Capital 2022/I and Authorised Capital 2022/II to raise gross proceeds of EUR…
Recognition
They are just stratospheric in terms of their quality.
Chambers UK 2022 (Equity Capital Markets)
An outstanding track record in high-profile and complex IPOs and other equity fundraisings seen in the UK and EMEA.
Legal 500 UK 2022 (Equity Capital Markets)
They have obviously got the international reach and work well with other advisers on transactions; whether an IPO or other deals, everyone is pedalling in the same direction.
Chambers Global 2021 (Equity Capital Markets)
There's a reason we keep coming back to Allen & Overy, and it's not just because it knows our process and preferences inside out; it is a consistent, conscientious, creative and comprehensive team.
Chambers Asia Pacific 2021 (Capital Markets)
Awards
- Equity Deal of the Year, JDE Peets’ IPO, IFLR Europe Awards 2021
- Ranked Tier 1 for Capital Markets, Chambers UK, Europe, Asia Pacific and Global
- 1st Global Debt, Equity and Equity-linked, Refinitiv Q3 2021