Equity Capital Markets

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 our equity capital markets experts are able to offer insightful and tailored legal advice coupled with efficient project management.

Our recent experience

CAB Payments

On its GBP850m IPO on the London Stock Exchange. 

Porsche

Advised Norges Bank Investment Management as cornerstone investor in the EUR9.9bn IPO of Porsche on the Frankfurt Stock Exchange. 

Adnoc Logistics & Services

On its USD769m IPO on the Abu Dhabi Securities Exchange (underwriters’ counsel). 

Air France

KLMon its EUR2.256bn rights issue of Air-France KLM (bank syndicate counsel).

Azelis

On its EUR1.8bn IPO on Euronext Brussels (underwriters’ counsel). 

Oatly

Advising Nativus, a joint venture formed by Verlinvest and a leading Chinese state-owned enterprise, as the majority shareholder in Oatly Group, on Oatly's USD10bn initial public offering on the Nasdaq.

Emperador Inc

Advised Emperador Inc on its secondary listing by way of introduction on the Mainboard of the Singapore Exchange Securities Trading Limited. Emperador had an estimated market capitalisation on the PSE of approximately SGD6.8bn on the day prior to its secondary listing on the SGX-ST and is the first PSE-primary listed company to conduct a secondary listing on the SGX-ST Mainboard.

Thai Life Insurance Public Company Limited (TLI)

Advised Thai Life Insurance Public Company Limited on the THB37.1bn (USD1.01bn) IPO of shares listed on the Stock Exchange of Thailand. The IPO represented the largest equity capital markets deal in Southeast Asia during calendar year 2022, according to data from Refinitiv.

NKT

On the US and other international aspects of its successful DKK2.74bn (c. USD400m) rights issue. 

TUI AG

On numerous equity transactions over recent years, including most recently its EUR1.8bn rights issue. 

CSL Limited

Advising CSL Limited on the AUD6.3bn placement and share purchase plan, the largest primary issuance by an Australian company ever and the largest equity capital markets deal in over 20 years.