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Banking & Finance - Capital Markets: Equity

Heuking Kühn Lüer Wojtek assists asknet AG with capital increase with subscription rights

07 Nov 2018

Heuking Kühn Lüer Wojtek’s partner Dr. Thorsten Kuthe and his team legally advised asknet AG’s rights issue to finance their growth plan. The public offering was one of the first capital measures using a short securities information sheet instead of a prospectus. The securities information sheet had to be permitted by BaFin to be published. This new legal possibility is a less expensive, easy way to execute smaller capital measures such as subscription offers, which is now possible without a prospectus, similar to how it used to be in the past.

KWM advises on Dragon Mining’s Hong Kong listing, marking the second HKEX listing involving a delisting from ASX

07 Nov 2018

King & Wood Mallesons (KWM) advised Altus Capital Limited as the sponsor, Get Nice Securities Limited and Sun Hung Kai Investment Services Limited as underwriters under the laws of Hong Kong on the listing of Dragon Mining Limited (Dragon Mining, HKEX Stock Code: 1712) on the Main Board of The Stock Exchange of Hong Kong Limited (HKEX) under Chapter 18 of the Listing Rules.

Travers Smith advises Merian Chrysalis Investment Company Limited on its IPO

07 Nov 2018

Travers Smith LLP has advised Merian Chrysalis Investment Company Limited (the "Company"), which will be advised by Merian Global Investors (UK) Limited and invest in later-stage private companies, on its initial public offering and listing on the Main Market of the London Stock Exchange.

The Company raised £100 million through a placing, intermediaries offer and offer for subscription. The Company starts trading on the London Stock Exchange today.

Hogan Lovells advises Credit Suisse as listing agent on the Frankfurt Stock Exchange listing of Linde plc

07 Nov 2018

Led by its Frankfurt-based partner Michael Schlitt Hogan Lovells has advised Credit Suisse Securities (Europe) Limited as listing agent on the listing of Linde plc on the Frankfurt Stock Exchange. Linde plc is an Irish public limited company formed for the purpose of effecting the business combination of Linde AG and Praxair, Inc., two leading companies in the global industrial gases industry. The business combination was completed on 31 October 2018.

DLA Piper advises SolarWinds in its initial public offering

07 Nov 2018

DLA Piper represented SolarWinds Corporation (NYSE: SWI), a leading provider of powerful and affordable IT infrastructure management software, in its initial public offering. Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and Credit Suisse Securities (USA) LLC acted as joint lead book-running managers for the offering.

Innovent Biologics, Inc. HK$3.15 Billion (US$403.1 Million) Initial Public Offering

01 Nov 2018

Davis Polk advised the underwriters and joint global coordinators in the initial public offering and listing on the Hong Kong Stock Exchange and the international offering in reliance on Rule 144A and Regulation S of Innovent Biologics, Inc. The net proceeds from the offering amounted to approximately HK$3.155 billion (US$403.1 million) prior to the exercise of the over-allotment option.

Baker McKenzie Acts for PINCHme.com on a Pre-IPO Capital Raising, IPO and ASX Listing

31 Oct 2018

Baker McKenzie successfully acted for PINCHme.com on a pre-IPO capital raising, IPO and ASX listing with a market capitalisation (on listing) of A$58.6 million.

A New York based, Delaware incorporated company, PINCHme.com operates a leading product sampling and digital promotions platform and is backed by numerous high profile investors.

Davis Polk Advises StoneCo Ltd. on Its Initial Public Offering, NASDAQ Listing and Concurrent Private Placement

31 Oct 2018

Davis Polk advised StoneCo Ltd. on its $1.4 billion initial public offering of 58,333,333 shares of Class A common stock, which includes the full exercise of the underwriters’ option to purchase additional shares. The shares of Class A common stock are listed on the NASDAQ Global Select Market under the symbol “STNE.” In addition, Davis Polk advised StoneCo Ltd. on its $100 million private placement of 4,166,666 shares of Class A common stock to Ant Financial.