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Banking & Finance - Capital Markets: Equity

VINGE ADVISES INTERNATIONELLA ENGELSKA SKOLAN IN CONNECTION WITH LISTING ON NASDAQ STOCKHOLM

29 Sep 2016

Vinge has advised Internationella Engelska Skolan i Sverige Holding s II AB (publ) (“IES”) in connection with its listing on Nasdaq Stockholm. The prospectus was published on 19 September 2016 and the first day of trading on Nasdaq was 29 September 2016. The offer price was SEK 52 per share, which corresponded to a market value for the total number of shares in the company of MSEK 2 083. The total value of the offering amounted to MSEK 599 provided an overallotment option was exercised in its entirety.

Stephenson Harwood advises easyHotel on £38 million share placing

29 Sep 2016

Law firm Stephenson Harwood LLP has advised easyHotel plc on its secondary fundraising, securing £38 million to fund expansion across the UK and Europe.

EasyHotel, the owner, developer, operator and franchisor of budget branded hotels, secured £38 million by placing 38 million shares at 100 pence each on AIM, close to a 20 per cent premium.

King & Wood Mallesons advises Bank of Communications on its non-public issuance of domestic preference shares raising RMB45 billion

29 Sep 2016

On 29 September, as advised by King & Wood Mallesons (KWM), Bank of Communications Co., Ltd. (BOCOM) completed its non-public issuance of 450 million domestic preference shares to be traded on the Shanghai Stock Exchange. The preference shares are issued at par value of RMB100 per share with a coupon rate of 3.90%. The issuance which raised a total of RMB45 billion is the largest transaction in preference shares undertaken by a commercial bank with the lowest coupon rate so far in 2016.

Simpson Thacher Represents Underwriters in the US$87.1 Million NASDAQ IPO of Gridsum Holding Inc.

28 Sep 2016

The Hong Kong office of the Firm represented the underwriters, Goldman Sachs, Citigroup and Stifel, in connection with the initial public offering and listing on the NASDAQ Global Select Market of American depositary shares (ADSs) of Gridsum Holding Inc. (“Gridsum”). The offering of 6,700,000 ADSs, representing 6,700,000 Class B ordinary shares, raised US$87.1 million of gross proceeds to Gridsum before exercise of the greenshoe.

Travers Smith advises on £38m placing by easyHotel plc

28 Sep 2016

Travers Smith LLP has acted for Investec Bank plc in its capacity as sole broker and nominated adviser on the £38 million placing of new ordinary shares issued by easyHotel plc.

The new shares represent approximately 60.8 per cent. of the ordinary shares currently in issue,  issued at a premium of approximately 18.3 per cent. to the closing mid-market price on 27 September 2016.

The proceeds of the placing are to be primarily utilised to fund the company's owned hotel roll-out strategy.

King & Wood Mallesons advises on PSBC’s Hong Kong listing-the world’s largest IPO in 2016

28 Sep 2016

On 28 September 2016, Postal Savings Bank of China Co., Ltd. (PSBC) had its H shares successfully listed on the Hong Kong Stock Exchange, with King & Wood Mallesons (KWM) advising its underwriters. PSBC’s initial public offering comprised a total of 12.1 billion H shares issued globally, pricing at HK$4.76 per H share, which raised approximately US$7.4 billion (subject to the over-allotment option).

Nets admitted to trading and official listing on Nasdaq Copenhagen

23 Sep 2016

On 23 September 2016, Nets was admitted to trading and official listing on Nasdaq Copenhagen. Plesner has acted as legal advisor to the bank syndicate consisting of Deutsche Bank, Morgan Stanley, Nordea, Danske Bank, DNB Markets, J.P. Morgan, UBS Investment Bank, Carnegie, OP Corporate Bank, SEB, SpareBank 1 Markets and Sydbank in connection with the IPO.

Bär & Karrer Advises AFG Arbonia-Forster-Holding in Connection with its Successful Placement of Shares

23 Sep 2016

On 22 September 2016, AFG Arbonia-Forster Holding AG successfully completed a private placement of 2,640,000 new shares via an accelerated book build process and raised gross proceeds of CHF 37.8 million. The new shares have been listed and admitted to trading with SIX Swiss Exchange on 22 September 2016. UBS AG acted as sole bookrunner and listing agent.

Bär & Karrer acted as legal advisor to UBS as to Swiss law in this transaction. The team included Till Spillmann and Andrea Giger as well as Susanne Schreiber and Michael Abegg (both Tax).

AC Immune prices Upsized Initial Public Offering

22 Sep 2016

AC Immune SA announced the pricing of its upsized initial public offering of 6,000,000 of its common shares at the initial public offering price of $11.00 per common share at NASDAQ. AC Immune is a clinical stage Swiss-based biopharmaceutical company focused on neurodegenerative diseases with four product candidates in clinical trials.   After deducting the underwriting discounts and other estimated offering expenses, the net proceeds of the initial public offering are expected to be approximately $57.8 Mio.

White & Case Advises Air Liquide on €3.3 Billion Rights Issue

21 Sep 2016

Global law firm White & Case LLP has advised Air Liquide on the US law aspects of its €3.3 billion rights issue with preferential subscription rights.

Air Liquide is the world leader in gases, technologies and services for industry and health, present in 80 countries with around 68,000 employees and more than three million customers and patients. During 2015 it generated revenue of €16.4 billion.