Global law firm White & Case LLP has advised Kiko S.p.A. on the amendment of debt facilities and a euro private placement made in relation to the acquisition of a minority interest in Kiko's share capital by Peninsula Capital.
Global law firm Norton Rose Fulbright has acted as Australian legal adviser to ASX-listed potash company Danakali Limited in connection with its dual listing on the Main Market of the London Stock Exchange.
Danakali, a West-Australian based mining company, is focused on the development of the Colluli Potash Project in Eritrea, Africa, and is developing the project with co-owner, the Eritrean Nation Mining Corporation. The dual listing is one of the company’s key strategic objectives in connection with the development.
Morgan Lewis represented Replimune Group, Inc. (NASDAQ: REPL), a biotechnology company developing oncolytic or “cancer killing” immunotherapies for the treatment of solid tumors, in connection with its initial public offering of common stock and listing on the Nasdaq Global Select Market. Replimune’s common stock began trading under the ticker symbol REPL on July 20, 2018, and the offering closed on July 24, 2018.
Gilbert + Tobin advised Viva Energy Group Limited (Viva Energy) on its successful initial public offering (IPO) and listing on the Australian Securities Exchange. It is the largest IPO in Australia for 4 years and the largest non-government IPO in Australian corporate history.
Viva Energy, the former Australian downstream business operated by Shell, raised $2.4 billion under the IPO at $2.50 per share, giving it a market capitalisation of $4.8 billion (based on the issue price).
Orrick advised Frankfurt-based fintech company creditshelf, a pioneer in the digital financing of medium-sized companies in Germany, on today's listing in the Prime Standard of the Frankfurt Stock Exchange. creditshelf Aktiengesellschaft has placed 206,250 shares in creditshelf with investors at a fixed price of EUR 80.00 per share.
Baker McKenzie has advised NAVYA, a French company specialising in autonomous vehicles, in the framework of its initial public offering on the regulated market of Euronext Paris.
NAVYA raised approximately €37.6 million by issuing new shares. No existing share was sold and no greenshoe option was granted. On the basis of an offering price of 7 euros per share, the market capitalisation of NAVYA amounts to approximately €190 million.
Charles Russell Speechlys has advised AIM-listed client, fastjet plc, on a US$10 million capital raising. The capital raising comprised a placing, by way of an accelerated book build, of new ordinary shares at 8 pence per share to raise c.US$7 million together with a subscription by fastjet’s largest shareholder, Solenta Aviation Holdings Limited, of new ordinary shares (also at 8 pence per share) to raise c.US$3 million. The funds raised will provide the fastjet group with sufficient working capital for the remainder of 2018.
On 13 July 2018, 51 Credit Card Inc., China’s leading fintech company, was successfully listed on the main board of the Hong Kong Stock Exchange (stock code: 2051) with the issue price of HKD 8.5 per share and the market value exceeding HKD 10 billion. The fintech unicorn 51 Credit Card Inc. has become the first Chinesemainland based fintech company that got listed in Hong Kong.
On 12 July 2018, Inke Limited (“Inke”, stock code: 3700.HK) successfully launched its initial public offering on the main board of the Hong Kong Stock Exchange. In its global offering, Inke issued 302,340,000 shares (before the over-allotment option) at HK$3.85 per share, raising approximately HK$1,164 million in total. The deal has made Inke the first publicly-traded live streaming platform in Hong Kong.
Clayton Utz has advised ASX-listed Fleetwood Corporation Limited (Fleetwood) on its $60 million raising via a $22 million placement to sophisticated and institutional investors and a $38 million (1 for 2.9) accelerated non-renounceable entitlement offer, announced to the market today. The raising is fully underwritten by Euroz Securities Limited.
Perth corporate advisory/M&A partner Mark Paganin and special counsel Liz Humphry led the Clayton Utz team, which included lawyer Ben Depiazzi.