King & Wood Mallesons has advised China Digital Video Holdings Limited (Stock Code 8280) on its successful listing and initial public offering on the GEM Board of the Hong Kong Stock Exchange valued at approximately HK$278.5 million. KWM acted as PRC, Hong Kong and US counsel on the deal.
William Fry has advised Innocoll Holdings plc (NASDAQ: INNL), a specialty pharmaceutical and medical device company with late stage development programmes targeting areas of significant unmet medical need, in respect of its recent US$40.1 million placing. The placing, underwritten by Morgan Stanley and Piper Jaffray, was in respect of 5,725,000 shares at a price to the public of US$7.00 per share. The underwriters also have an over-allotment option over an additional 858,750 shares, subject to certain closing conditions.
Noerr has supported the FinTech company MyBucks with its initial public offering on the Frankfurt Stock Exchange. Acting as Transaction Counsel, Noerr has provided comprehensive advice both to the company and to the issuing bank Hauck & Aufhäuser. This is the second time Noerr has been involved in an IPO in Frankfurt within just a few weeks. The MyBucks shares were offered to investors in a public offering in Luxembourg and Germany and to qualified investors in private placements.
Niederer Kraft & Frey advises international energy company Repower on its intended rights issue to increase its capital by at least CHF 150 million. In doing so Repower reinforcing its shareholder structure with the addition of two new investors with a long-term horizon: Elektrizitätswerke des Kantons Zürich and UBS Clean Energy Infrastructure Switzerland KGK.
NautaDutilh assisted Core Laboratories N.V. with a USD 172 million equity offering which launched and closed within an unprecedented one week period. This was followed by the cross-listing of the shares issued under the offering on the New York Stock Exchange and Euronext Amsterdam. Ten days later, the deal was upsized to a total of USD 197,8 million.
On 1 June 2016, Auris Medical Holding AG launched a Controlled Equity Offering by entering into a Sales Agreement with Cantor Fitzgerald & Co. Pursuant to the terms of the agreement, Auris Medical may offer and sell its common shares from time to time through Cantor Fitzgerald, as the company’s sales agent. Under the agreement, Cantor Fitzgerald may sell shares by any method deemed to be an “at the market (ATM) offering”.
Shearman & Sterling advised the underwriters, led by UBS and Goldman Sachs, in connection with Banco Popular Español's capital increase of approximately €2.4 billion through a rights offering comprising the issuance of 2,004,441,153 ordinary shares. The syndicate of underwriters also comprised Banco Santander, BBVA, Barclays, Citigroup, Deutsche Bank, Morgan Stanley, HSBC, Credit Suisse, Société Générale, Nomura, Fidentiis and N+1.
Clifford Chance Amsterdam acted for Stichting administratiekantoor beheer financiële instellingen ("NLFI") as selling shareholder in the IPO and listing on Euronext Amsterdam of ordinary shares in the capital of ASR Nederland N.V. ("ASR"), one of the largest insurance providers in the Netherlands. NLFI (on behalf of the Dutch State) became the sole shareholder of ASR in 2011, a few years after the company was nationalised in 2008.
We advised SSH Communications Security Corporation, a Finnish company developing advanced data security solutions, in a share issue directed to institutional and other selected investors. The issue was conducted as an accelerated book-building and over-subscribed, and the gross proceeds raised in the issue amounted to approximately EUR 8 million. An application was made for listing of the shares in Nasdaq Helsinki Ltd.
Nabarro and Broadlaw Group partner, Lefèvre Pelletier & associés (LPA), have jointly advised La Française de L’Energie on its global IPO on the regulated market of Euronext Paris which has raised over €37.5 million before expenses. LPA advised its long-standing client on the offering in the European Union to retail and institutional investors while Nabarro advised on the US Rule 144A offering into the United States to qualified institutional buyers. On its initial listing day, the company had a €125 million market cap.