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Banking & Finance - Capital Markets: Equity

Linklaters advises on one of the largest IPOs in UAE

30 Sep 2014

Linklaters has advised Emaar Malls Group (EMG), the leading owner and operator of shopping malls in Dubai, and its parent company, Emaar Properties, on EMG’s IPO, the second largest ever in the United Arab Emirates. The initial sale of shares were priced at the top of the proposed range amid huge demand from investors, making it the largest stock offer in a Gulf Arab economy since 2008.

Credit Suisse (Hong Kong) Limited - HK$383 million secondary placing and sale of shares in IGG Inc

29 Sep 2014

Slaughter and May, Hong Kong, is advising Credit Suisse (Hong Kong) Limited, as placing agent, in relation to the HK$383 million secondary placing and sale of shares in IGG Inc (IGG) held by IDG-Accel China Growth Fund II L.P. and IDG-Accel China Investors II L.P.. The placing and sale of shares represents 7.02% of the issued share capital of IGG and was undertaken by way of an accelerated bookbuilding process to institutional investors.

IGG is an online games developer and operator and is listed on the The Stock Exchange of Hong Kong Limited.

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Eversheds advises on the Hong Kong IPO of PRC leading biscuit manufacturer

26 Sep 2014

Eversheds has advised China Merchants Securities (Hong Kong) in connection with the HK$370 million initial public offering (IPO) of Jiashili Group Limited. The company was successfully listed on 25 September 2014.

Jiashili Group Limited is one of the largest biscuit manufacturers in the PRC. The company enjoys a leading role in the Chinese biscuit market and it was named Top 100 Enterprise in China Bakery and Confectionary Industry.

Firm Represents Alibaba Group in Historic US$25 Billion IPO on NYSE

25 Sep 2014

Simpson Thacher has represented Alibaba Group Holding Limited (“Alibaba Group”) in connection with its initial public offering, the largest IPO ever conducted. The offering, which was comprised of 368,122,000 American depositary shares (“ADSs”), each representing one ordinary share of Alibaba Group, was listed on the New York Stock Exchange and raised a total of US$25 billion in gross proceeds. Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman Sachs (Asia) L.L.C., J.P. Morgan Securities LLC, Morgan Stanley & Co.

Waha Capital Funded Collar Transactions Relating to AerCap Ordinary Shares

25 Sep 2014

Davis Polk advised Nomura International plc, Deutsche Bank AG, London Branch and Citibank N.A., London Branch (the “collar counterparties”) in connection with funded collar transactions with Waha AC Cooperatief U.A., a Dutch affiliate of Waha Capital PJSC, relating to approximately 14.9 million ordinary shares of AerCap Holding N.V.

Herbert Smith Freehills advises Arrium Limited on its A$754 million entitlement offer

25 Sep 2014

Herbert Smith Freehills has advised Arrium Limited (Arrium) on its A$754 million fully underwritten pro-rata accelerated renounceable entitlement offer including retail rights trading (“PAITREO”) and institutional placement (Offer), announced to the ASX on 15 September 2014.

The proceeds from the Offer will be used by Arrium to repay debt, strengthen the company’s balance sheet and provide it with a more appropriate capital structure for the current environment.

Twitter, Inc. $1.8 Billion Convertible Senior Notes Offering

24 Sep 2014

Davis Polk advised Goldman, Sachs & Co. and Morgan Stanley & Co. LLC, as representatives of the initial purchasers in connection with a Rule 144A offering by Twitter, Inc. of an aggregate principal amount of $900 million of its 0.25% convertible senior notes due 2019 and $900 million of its 1.00% convertible senior notes due 2021. In addition, Davis Polk advised Deutsche Bank AG, London Branch, Goldman, Sachs & Co.