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Sub practice
Sub practice

Equity Capital Markets

We have longstanding experience of advising on complex capital raisings.

Clients looking to raise capital in the financial market turn to us to provide sophisticated structuring solutions. Our experience and knowledge means we are able to offer insightful and tailored legal advice coupled with efficient project management.

Our advice covers the full range of equity financing structures including initial public offerings, rights issues, secondary offerings, equity bridge financing, private placements and reverse takeovers. The majority of our transactions are cross-border in nature and require a co-ordinated approach across two or more of our offices.

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.

PD III – the Prospectus Regulation

The Prospectus Regulation, known as PD III, is intended to improve the functioning of the internal capital markets and guarantee investor protection. Whilst PD III is now in application, it remains to be seen whether the intended enhancements will achieve these aims.

News & insights

LCD screen showing a linear graph

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…

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Advocate General Opinion on the Sisal – Magellan Robotech Case

Publications: 31 MARCH 2021

SGX to Open Up Listings to Special Purpose Acquisition Companies (SPACs)

The Singapore Exchange (SGX) and SGX Regco announced on 31st March 2021 a consultation on the amendment of the Listing Rules to allow for Special Purpose Acquisition Companies (SPACs) to be listed on…

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Side of buildings

News: 16 MARCH 2021

A&O advises WillScot Mobile Mini in an underwritten secondary offering by its principal shareholder and concurrent stock repurchase

Our U.S. Capital Markets team advised WillScot Mobile Mini on the offering of its shares by Sapphire Holding S.à r.l., including its repurchase of 2,750,000 shares of its common stock.

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A maze made of hedging

Publications: 05 FEBRUARY 2021

Enhanced climate-related financial risk disclosure for companies with UK-listed shares

The Financial Conduct Authority (FCA) has implemented a new Listing Rule applicable to premium listed commercial companies which is designed to help users of their financial statements understand how…

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Growth Capital: the path to achieving scale

Allen & Overy is an engaged and active player in the growth company ecosystem. Our depth of experience in acting for scaling companies and their investors enables us to get to the heart of what is important for each business and its backers when providing growth capital.