Resource

 

 

 

 

 

 

 

 

 

 

 

Banking & Finance - Capital Markets: Equity

RE/MAX Holdings, Inc.'s $253 Million Initial Public Offering

18 Oct 2013

Davis Polk advised Morgan Stanley & Co. LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as representatives of the underwriters, in connection with RE/MAX Holdings, Inc.'s (RE/MAX) initial public offering of 11,500,000 shares of its Class A common stock, which included the full exercise of the underwriters' over-allotment option to purchase an additional 1,500,000 shares of Class A common stock from RE/MAX, at a price to the public of $22.00 per share.

Davis Polk Advises Forgame Holdings Limited on Its $206.4 million Initial Public Offering

18 Oct 2013

Davis Polk advised Forgame Holdings Limited (“Forgame”) in connection with its initial public offering and listing on the Hong Kong Stock Exchange and an international offering in reliance on Rule 144A and Regulation S. The gross proceeds from the global offering amounted to approximately HK$1.6 billion ($206.4 million) without the exercise of the over-allotment option. The Hong Kong offering was over-subscribed for 313.41 times, hence triggering a full clawback from international offering to Hong Kong offering in favor of retail investors.

UIL Holdings Corporation Common Stock Offering

17 Oct 2013

Davis Polk advised J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC as joint book-running managers on an SEC-registered offering of 5,750,000 shares of common stock of UIL Holdings Corporation for approximately $206 million. The common stock is listed on the NYSE under the symbol "UIL." The shares include 750,000 shares from the exercise of the underwriters’ over-allotment option in full. 

Violin Memory Initial Public Offering

17 Oct 2013

Davis Polk advised J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as representatives of the several underwriters on the $162 million initial public offering of 18,000,000 shares of Violin Memory, Inc. Violin Memory’s common stock is traded on the New York Stock Exchange under the symbol “VMEM.” 

Ophthotech Corporation Initial Public Offering

17 Oct 2013

Davis Polk advised Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as joint book-running managers and representatives of the several underwriters in connection with the $192.28 million initial public offering of 8,740,000 shares of common stock of Ophthotech Corporation, which included 1,140,000 shares from the exercise of the underwriters’ over-allotment option in full. The common stock is listed on the NASDAQ Global Select Market under the symbol “OPHT.”  

Travers Smith acts on £225million IPO of Tungsten Corporation plc

17 Oct 2013

Travers Smith Corporate Partner Andrew Gillen and Corporate Senior Associate Daniel Simons have advised Canaccord Genuity Limited (as sole bookrunner, financial adviser and joint broker) and Charles Stanley Securities (as joint broker and nominated adviser) on Tungsten Corporation plc's ("Tungsten") £225 million AIM IPO, which was admitted to trading on 16 October 2013 and which raised £160 million before expenses through an institutional placing.

Osborne Clarke advised on equity placing of £18m

17 Oct 2013

Osborne Clarke has advised long-standing client, Digital Barriers plc, on its successful equity placing of £18million.  Admission is expected to take place on 4th November 2013.

Digital Barriers plc. (AIM: DGB) is a specialist provider of advanced surveillance technologies to the international homeland security and defence markets.

The Osborne Clarke team was led by Partner Jonathan King, assisted by Senior Associate Samantha New.

Royal Mail - IPO

17 Oct 2013

Slaughter and May was the lead legal adviser to Royal Mail plc (Royal Mail) on its initial public offering and admission to listing. Royal Mail is the leading provider of postal and delivery services in the UK and is the UK's designated universal service provider.

Royal Mail’s shares have now been admitted to the premium listing segment of the Official List and to trading on the main market for listed securities of the London Stock Exchange.

Clifford Chance advises banks on Re-IPO of UNIQA Insurance Group

17 Oct 2013

Clifford Chance advised Deutsche Bank, Morgan Stanley and Raiffeisen Centrobank as joint global coordinators in connection with the Re-IPO of UNIQA Insurance Group AG, one of the leading insurance groups in Austria and Central and Eastern Europe.

The offering which comprised a total of 94,752,100 shares (including 6,650,000 over-allotment shares), issued at an price of EUR 8.00, resulted in a gross issuance return of EUR 757 million.

Westar Energy, Inc. $249 Million Common Stock Offering and Forward Sale Agreements

17 Oct 2013

Davis Polk acted as counsel to Westar Energy, Inc. in connection with an SEC-registered offering of 8,000,000 shares of common stock and the concurrent execution of forward sale agreements relating to an equal number of shares. Under the forward sale agreements an affiliate of J.P. Morgan Securities LLC and an affiliate of Wells Fargo Securities, LLC collectively borrowed an aggregate of 8,000,000 shares of Westar Energy Inc.’s common stock from third parties and sold these shares to the underwriters.