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Banking & Finance - Capital Markets: Equity

Baker McKenzie Legal Advisor in FlexQube’s Directed Share Issue of SEK 63 million

01 Dec 2018

FlexQube AB (publ) has resolved on a directed share issue which will provide the company approximately SEK 63 million before issue costs. The subscription price in the share issue has been decided through an accelerated book-building procedure.

FlexQube offers a unique and patented concept for design and manufacturing of robust, modular and flexible carts and storage racks. The company manufactures in Sweden and the U.S. with distribution in Europe and North America, including Mexico. FlexQube is listed on Nasdaq First North in Sweden.

Addleshaw Goddard advises Numis on AJ Bell Initial Public Offering

30 Nov 2018

Addleshaw Goddard's corporate team in Manchester and London is advising investment bank, Numis, on the Initial Public Offering (IPO) of AJ Bell – one of the largest online retail investment platforms in the UK.

Manchester-headquartered AJ Bell is looking to float on the Main Market of the London Stock Exchange in December, in what is set to be one of the largest UK IPOs this year.

Addleshaw Goddard has been mandated as the legal adviser to Numis in its role as sponsor, financial adviser, sole bookrunner and broker to AJ Bell.

Davis Polk Advises Tongcheng-Elong on Its HK$1.41 Billion (US$180 Million) Initial Public Offering

29 Nov 2018

Davis Polk advised Tongcheng-Elong Holdings Limited in connection with its initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The net proceeds from the offering amounted to approximately HK$1.41 billion (US$180 million) prior to the exercise of the over-allotment option.

Sidley Advises BabyTree Group’s Approximately HK$1.70 Billion IPO

29 Nov 2018

Sidley advised BabyTree Group (HKEX1761), as the issuer’s Hong Kong and U.S. counsel in its approximately HK$1.70 billion (approximately US$218 million) global offering on the Main Board of the Hong Kong Stock Exchange.

BabyTree Group is one of the largest and most active M&C-focused community-based platforms in China, with an average 139.0 million total MAUs (Monthly Active Users) in 2017.

Privatization and IPO of Nova Ljubljanska Banka

28 Nov 2018

Shearman & Sterling advised the underwriters, Deutsche Bank AG, London Branch, J.P. Morgan Securities plc, Citigroup Global Markets Limited and WOOD & Company Financial Services a.s., on the up to €669.5 million IPO and privatization of Nova Ljubljanska banka d.d., Ljubljana on the Ljubljana Stock Exchange and the London Stock Exchange.  The transaction, which closed on November 14, is the largest European banking IPO in 2018 to date and the largest ever Slovenian IPO.

NLB is the largest banking and financial group in Slovenia.

Gide, counsel on the IPO of CIRA on the Egyptian Stock Exchange and a simultaneous U.S./international placement

28 Nov 2018

Gide has advised EFG Hermes Promoting and Underwriting on the Initial Public Offering and listing of Cairo for Investment and Real Estate Development S.A.E. ("CIRA") on the Egyptian Stock Exchange in October 2018, for an amount of EGP 1.2 billion.

EFG Hermes Promoting and Underwriting acted as sole global coordinator and bookrunner to the transaction. The IPO saw over 200 million shares issued in Egypt via a public offering and via private placement to institutional investors in several jurisdictions, including to qualified institutional buyers in the United States.

Pinsent Masons advises AJ Bell plc on IPO

28 Nov 2018

International law firm Pinsent Masons is advising AJ Bell, one of the largest UK investment platform providers, on its IPO and listing on the main market of the London Stock Exchange.

The Company intends to apply for admission of its shares to the premium listing segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange's main market for listed securities.

Simpson Thacher Represents Underwriters in the NYSE IPO of Weidai

27 Nov 2018

Simpson Thacher represented the underwriters, Morgan Stanley, Citigroup and AMTD Tiger, in connection with the initial public offering and listing on the New York Stock Exchange of American Depositary Shares (“ADSs”) of Weidai Ltd. (“Weidai”). The offering of 4,500,000 ADSs, representing 4,500,000 Class A ordinary shares, raised a total of US$45 million in gross proceeds before the exercise of underwriters’ overallotment option.

White & Case Advises Banks on JSC NAC Kazatomprom's US$3 Billion Dual LSE/AIX Listing

27 Nov 2018

Global law firm White & Case LLP has advised on the largest Kazakhstani initial public offering (IPO) on the London Stock Exchange (LSE) in more than a decade, and the first IPO on the newly established Astana International Exchange (AIX), the stock exchange of the Astana International Financial Centre.

Firm Capital Mortgage Investment Corporation closes bought deal financing

27 Nov 2018

Firm Capital Mortgage Investment Corporation (the "Corporation") (TSX: FC) announced that it had closed its previously announced bought deal offering of $25 million aggregate principal amount of 5.50% convertible unsecured subordinated debentures of the Corporation due January 31, 2026. The debentures are listed and posted for trading on the Toronto Stock Exchange under the symbol FC.DB.J.

The offering was underwritten by a syndicate of underwriters that was co-led by TD Securities Inc., CIBC Capital Markets and Scotiabank.