Stephenson Harwood LLP has advised Shield Therapeutics plc (“Shield”) on its £162 million AIM IPO.

The IPO involved the placing and subscription of £32.5 million of new ordinary shares, and the issue of warrants to subscribe for ordinary shares. If these warrants were exercised in full, they would generate an additional £17.5 million of gross proceeds for Shield. Shield is seeking admission to trading on AIM, a market operated by the London Stock Exchange. Admission to AIM is expected to take place tomorrow, 26 February 2016.

We have advised Cambridge-based life sciences company Sphere Fluidics Limited on its latest investment round, securing $7 million in the first close. The funding round was led by an Asian corporate investor but also included investment from new and existing angel investors.

Founded in 2012, Catena Media is a European marketing and lead generation company, primarily active in the online gaming and online casino industries. The company's business concept is to assist clients to generate traffic to their websites, by using a wide range of online channels. Headquartered in Slierna, Malta, Catena Media currently employs more than 85 people and primarily operates in Sweden, Norway, Finland, the UK and the Netherlands.

The Corporate team from Burges Salmon has advised energy storage and clean fuel company, ITM Power plc, an AIM quoted company, on its initiative to raise £5.8 million by way of a placing of approximately 14 million new ordinary shares and an open offer of approximately 24.5 million new ordinary shares at an issue price of 15 pence per share.

The placing and open offer was arranged by Zeus Capital Limited. Admission occurred on 17 February 2016.

Wierzbowski Eversheds advised Capita IRG Trustees Ltd, which organized the process of listing in London for Work Service and serves as depositary in the structure.

“Our law firm provided comprehensive support to Capita IRG Trustees Ltd in connection with the transaction,” said Dr Krzysztof Haladyj, a partner at Wierzbowski Eversheds. “It was a highly complicated project, requiring solutions to numerous issues at the intersection of Polish and English regulations connected with the dual listing of Work Service on the London Stock Exchange.”

Vinge advised Swedish Match AB in relation to Scandinavian Tobacco Group A/S’s listing on Nasdaq Copenhagen. Scandinavian Tobacco Group (STG) is a world leading manufacturer of cigars and pipe tobacco.

A prospectus was published on 28 January 2016 and the first day of trading on Nasdaq Copenhagen was on 10 February 2016. The price in the offering was set at DKK 100 per share, corresponding to a market capitalisation of DKK 10 billion for STG.

Irwin Mitchell has advised Peel Hunt, the corporate broker, on the AIM IPO of Circle Property completed this week. The IPO values the regional property investment company at £42 million.

Clifford Chance has advised GF Securities (Hong Kong) Brokerage Limited as the sole placing agent on Dalian Port Company Limited's proposed placement of up to 1,475,400,000 billion new H shares under specific mandate. The first tranche of the placement was for 1,180,320,000 shares, subscribed by China Merchants Holdings (International) Company Limited at the price of HK$3.67.

Partner Tim Wang led the deal and was supported by senior associate Yufei Liao and associate Claire Cao.

Pinsent Masons has advised Work Service S.A., Poland’s largest provider of personnel services, on the UK elements of its landmark dual-listing on the London Stock Exchange.

This is the first listing of its kind since a change of regulation in Poland enabling indigenous companies to hold dual listings outside the country.

Charles Russell Speechlys is delighted to have acted for Circle Property Plc on their admission to the AIM market of the London Stock Exchange.

The AIM community continues to be an important focus for the firm, given AIM’s status as the pre-eminent market for smaller and mid- cap quoted companies. We continue to take an active role in supporting companies and their owners/investors in their growth cycle and regularly support clients on topical issues, such as our recent seminars on shareholder activism and the AGM season.