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Banking & Finance - Capital Markets: Equity

Heuking Kühn Lüer Wojtek advises The Grounds Real Estate Development AG on reverse IPO and capital increase

16 Jan 2018

With a team led by Dr. Thorsten Kuthe, Heuking Kühn Lüer Wojtek advised The Grounds Real Estate Development AG on a reverse IPO by contributing The Grounds Real Estate AG to a shell company. Subsequently, a private placement in Germany was successfully completed with the subscription of 2.2 million shares. The next step will be a dual listing of The Grounds Real Estate Development AG shares in the AltX segment of Johannesburg Stock Exchange. The shares will thus be placed with institutional investors in South Africa.

Shearman & Sterling Advises Underwriters on LexinFintech’s US$124.2 Million Initial Public Offering and Listing on the NASDAQ Global Market

16 Jan 2018

Shearman & Sterling advised Goldman Sachs, BofA Merrill Lynch, Deutsche Bank, China Renaissance and ICBCI as underwriters on the US$124.2 million initial public offering by LexinFintech Holdings Ltd. (LexinFintech) of 13.8 million American depositary shares (ADSs), which include 1.8 million ADSs sold pursuant to a full exercise of the underwriter’s over-allotment exercise, and the listing on the NASDAQ Global Market. LexinFintech is a leading online consumer finance platform in China.

Shearman & Sterling Advises Underwriters on LexinFintech’s US$124.2 Million Initial Public Offering and Listing on the NASDAQ Global Market

16 Jan 2018

Shearman & Sterling advised Goldman Sachs, BofA Merrill Lynch, Deutsche Bank, China Renaissance and ICBCI as underwriters on the US$124.2 million initial public offering by LexinFintech Holdings Ltd. (LexinFintech) of 13.8 million American depositary shares (ADSs), which include 1.8 million ADSs sold pursuant to a full exercise of the underwriter’s over-allotment exercise, and the listing on the NASDAQ Global Market. LexinFintech is a leading online consumer finance platform in China.

White & Case Advises Michelin on US$600 Million Non-Dilutive Convertible Bond Offering

16 Jan 2018

Global law firm White & Case LLP has advised Michelin on its US$600 million offering of non-dilutive convertible bonds due 2023, redeemable in cash only.

The bonds, issued by Compagnie Générale des Etablissements Michelin, will not bear interest and the net proceeds of the issuance will be used for Michelin's general corporate purposes and to purchase options related to the transaction.

MinterEllison advises CommsChoice Group on IPO & ASX listing

16 Jan 2018

MinterEllison has advised CommsChoice Group on its IPO and ASX listing, which raised $A7.5 million, on a market capitalisation on listing of $A26 million.

MinterEllison has advised CommsChoice Group Limited (ASX: CCG) on its acquisition of five complimentary information and communications technology (ICT) service providers, its initial public offering (IPO) and ASX listing.

The new publicly-listed ICT services player successfully raised $A7.5 million under the offer and a market capitalisation on listing of approximately $A26 million (based on the offer price).

White & Case Advises Michelin on US$600 Million Non-Dilutive Convertible Bond Offering

15 Jan 2018

White & Case LLP has advised Michelin on its US$600 million offering of non-dilutive convertible bonds due 2023, redeemable in cash only.

The bonds, issued by Compagnie Générale des Etablissements Michelin, will not bear interest and the net proceeds of the issuance will be used for Michelin's general corporate purposes and to purchase options related to the transaction.

Shearman & Sterling Advises Underwriters on LexinFintech’s US$124.2 Million Initial Public Offering and Listing on the NASDAQ Global Market

15 Jan 2018

Shearman & Sterling advised Goldman Sachs, BofA Merrill Lynch, Deutsche Bank, China Renaissance and ICBCI as underwriters on the US$124.2 million initial public offering by LexinFintech Holdings Ltd. (LexinFintech) of 13.8 million American depositary shares (ADSs), which include 1.8 million ADSs sold pursuant to a full exercise of the underwriter’s over-allotment exercise, and the listing on the NASDAQ Global Market. LexinFintech is a leading online consumer finance platform in China.

Heuking Kühn Lüer Wojtek advises The Grounds Real Estate Development AG on reverse IPO and capital increase

15 Jan 2018

With a team led by Dr. Thorsten Kuthe, Heuking Kühn Lüer Wojtek advised The Grounds Real Estate Development AG on a reverse IPO by contributing The Grounds Real Estate AG to a shell company. Subsequently, a private placement in Germany was successfully completed with the subscription of 2.2 million shares. The next step will be a dual listing of The Grounds Real Estate Development AG shares in the AltX segment of Johannesburg Stock Exchange. The shares will thus be placed with institutional investors in South Africa.