Setterwalls has advised Recipharm AB (publ) in connection with a new share issue with preferential right for the company's shareholders which after the end of the subscription period on 7 June 2016 has been fully subscribed.
Delphi has acted as legal advisor to Immunicum AB (publ) (“Immunicum”) in connection with a rights issue of approximately SEK 111 million and an over-allotment option of approximately SEK 17 million.
Immunicum develops cancer immunotherapies for the treatment of tumor diseases. Immunicum aims to advance therapeutic cancer treatments at least through clinical phase II trials and then license the product candidates to major pharmaceutical or biotech companies. Immunicum is listed on Nasdaq First North Premier.
International law firm Berwin Leighton Paisner (BLP) has advised Hadrian’s Wall Secured Investments Limited (HWSIL) on its successful initial public offering (IPO) and admission to trading on the premium segment of the London Stock Exchange. Trading in HWSIL’s shares became effective today, Monday 20 June 2016. HWSIL raised £80m as part of the IPO and has also established a placing programme which will enable it to issue up to 250m shares over the next 12 months.
Ashurst is advising Crown Resorts on their recently announced proposed demerger and IPO.
Crown Resorts intends to pursue the following structural and capital management initiatives designed to enhance shareholder value:
* pursue a demerger of certain international investments to create a separately listed holding company (Demerger Proposal);
* explore a potential IPO of a 49% interest in a property trust which would own Crown Resorts' Australian hotels (excluding Crown Towers Melbourne), with Crown Resorts retaining a 51% interest (REIT Proposal); and
Jakarta: Herbert Smith Freehills has advised the underwriters on the IDR3.75 trillion (US$275.7 million) IPO on the Indonesia Stock Exchange and Rule 144A/Regulation S global offering of PT Cikarang Listrindo Tbk.
Cikarang Listrindo is the first independent power producer to go public in Indonesia. This transaction represents the largest IPO in Indonesia so far in 2016.
Herbert Smith Freehills acted alongside its longstanding associate Indonesian firm Hiswara Bunjamin & Tandjung (HBT) who acted as Indonesian counsel for the underwriters.
Shearman & Sterling advised PT Cikarang Listrindo Tbk, an Indonesian power plant, on its approximately US$275 million initial public offering on the Indonesia Stock Exchange, marking the first power plant to go public in the Indonesian market.
Citigroup, Deutsche Bank and UBS acted as the international underwriters. PT Indo Premier Securities, PT Citigroup Securities Indonesia, PT Deutsche Securities Indonesia, and PT UBS Securities Indonesia acted as the domestic underwriters.
Roschier is representing Axcel and Nordic Waterproofing Holding A/S in the initial public offering of Nordic Waterproofing's shares and listing on Nasdaq Stockholm. Carnegie and ABG Sundal Collier are acting as Joint Global Coordinators and Joint Bookrunners of the offering.
We advised Mainstay Medical International plc in connection with its €30 million share placing. The new shares were issued to selected institutional investors in Europe and in North America and a small number of individual investors in Europe.
Mainstay Medical is an Irish medical device company headquartered in Dublin with operations in the United States, Germany and Australia. Its ordinary shares are listed on the Enterprise Securities Market of the Irish Stock Exchange and Euronext Paris.
* Marsa Maroc Set for Morocco's first-ever Privatization by IPO
* Country's first IPO of the year set to raise up to 1.94 billion dirhams (USD $220 million)
17 June 2016, Casablanca – Morocco is set to sell 40% of the country's largest port operator in a milestone IPO for the country. Advised by a Baker & McKenzie team led by Casablanca managing partner Kamal Nasrollah, the funds will be used for ambitious expansion as Marsa Maroc plans to bid for two other terminals at Casablanca Port and looks for opportunities elsewhere in North and West Africa.
Travers Smith team LLP has advised Numis Securities Limited as NOMAD and joint bookrunner and Zeus Capital Limited and Goodbody Stockbrokers as joint bookrunners in relation to the IPO of European venture capital fund Draper Esprit Plc.
Draper Esprit raised gross proceeds of £74 million on its dual listing on AIM, a market operated by the London Stock Exchange, and the ESM, a market operated by the Irish Stock Exchange.