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Banking & Finance - Capital Markets: Equity

Taylor Wessing advises InflaRx GmbH on financing round and InflaRx N.V. in subsequent IPO on New Yorker Nasdaq

16 Nov 2017

Taylor Wessing advised InflaRx GmbH on its Initial Public Offering (IPO) on the Nasdaq stock exchange in New York. In connection with the IPO, InflaRx GmbH has become a subsidiary of the newly incorporated InflaRx N.V. InflaRx N.V. has offered and fully placed new shares with proceeds from the issue of around 100 million US-$ in its public offer in the United States.

Sogou Inc. Initial Public Offering and NYSE Listing

14 Nov 2017

Davis Polk advised the representatives of the underwriters on the initial public offering by Sogou Inc. of 45,000,000 American Depositary Shares, each representing one Class A ordinary share, for total proceeds of $585 million. Sogou has granted the underwriters an option to purchase up to an additional 6,750,000 ADSs. The ADSs are listed on NYSE under the symbol “SOGO.”

RTPR Allen & Overy advises the syndicate of banks on the IPO of Sphera Franchise Group

14 Nov 2017

RTPR Allen & Overy has advised Wood & Company Financial Services and Raiffeisen Bank as joint bookrunners on the IPO of Sphera Franchise Group and admission to trading on the Bucharest Stock Exchange.

The RTPR Allen & Overy team was led by Loredana Chitu (Boeru) (Counsel) supervised by Costin Taracila (Managing Partner) and further comprised Vlad Druta, Mihnea Radu and Marina Giurgica.

DLA Piper advising FirstRand on £1.1 billion takeover of Aldermore Group PLC

14 Nov 2017

DLA Piper is acting for FirstRand, South Africa’s largest financial services institution, who have put forward a £1.1 billion recommended offer for approval by the shareholders of Aldermore Group PLC, ("Aldermore") a British specialist lender and savings bank.

Aldermore was founded in the UK in 2009 and provides  award-winning asset finance, invoice finance, mortgage and deposit products to small and medium-sized enterprises (SMEs), homeowners, landlords and savers.  It has over 230,000 clients and approximately 1000 employees.

Davis Polk Advises Razer Inc. on Its HK$3.93 Billion (US$491.5 Million) Initial Public Offering

13 Nov 2017

Davis Polk advised Razer Inc. 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 net proceeds from the offering amounted to approximately HK$3.93 billion (US$491.5 million) prior to any exercise of the over-allotment option.

Razer Inc. is a global lifestyle brand for gamers. It offers an integrated portfolio of gaming hardware, software and services.

Latham & Watkins Advises Vincom Retail and Warburg Pincus Affiliate on Landmark International Equity Offering Utilizing Innovative Offer Structure

13 Nov 2017

Deal represents Vietnam’s largest ever initial equity offering (IEO) on the Ho Chi Minh City Stock Exchange.

Vincom Retail, the largest retail property developer, owner and operator in Vietnam, has announced the completion of trading of approximately 415 million shares, raising an equivalent of over US$740 million for the existing shareholders, and making it the country’s largest ever initial equity offering (IEO) on the Ho Chi Minh City Stock Exchange.

Bird & Bird's London Capital Markets team advises Orient Telecoms

13 Nov 2017

Bird & Bird's London Capital Markets team has advised Orient Telecoms, a provider of managed telecommunications services, on its successful listing on the London Stock Exchange. The transaction is particularly interesting as despite being a start-up, it was successfully admitted to the Standard List of the Main Market instead of the AIM Market.