Ashurst has acted as Australian legal and taxation adviser to Baby Bunting Group Limited on its initial public offering and listing on ASX, including the preparation of a prospectus lodged with ASIC. The offer involves the issue of new shares to raise approximately A$25 million along with the offer for sale of shares by existing shareholders of approximately A$27 million.  At the offer price, Baby Bunting is expected to have a market capitalisation on listing of A$176 million.

Baby Bunting currently operates 33 stores in Australia, primarily catering to parents with children from newborn to three years of age. Principal product categories include prams, cots and nursery furniture, car safety, toys, babywear, feeding, nappies, manchester and associated accessories.

The IPO and related ASX listing represents an opportunity for Baby Bunting to raise new capital and to allow existing shareholders to sell shares as part of the offer. New shareholders will hold approximately 30% of the shares in the Company upon completion of the offer. The Senior Management team and Board members will retain an approximate 37% interest in the Company from Completion of the Offer.

Lead partner Elspeth Arnold said: "We have worked with Baby Bunting for a number of years.  It has been a privilege to work with the board and the senior management team on its IPO and to assist with this significant development in Baby Bunting's history."

Elspeth led the team with counsel Corey Lewis, who were assisted by senior associate Megan Trethowan and lawyers Katrina Fong, Simon Hunt, Matt Hartsuyker, Andrew Kourpanidis and graduate Tim Blair (Corporate); partners Ian Kellock and Geoff Mann, and senior associate Bronwyn Kirkwood (Tax); partner Kenneth Nguyen and lawyer Colby List (Banking); counsel Vanessa Flax (Property); senior associate Emma Butler and lawyer Andrew Sutherland (TMT); with partner Rehana Box and senior associate Philip Hopley (Insurance).