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Banking & Finance - Capital Markets: Equity

Herbert Smith Freehills advises New Energy Solar on its ASX listing and A$300 million public offering

03 Nov 2017

Herbert Smith Freehills is advising Walsh & Company Investments Limited (as responsible entity of the New Energy Solar Fund) and New Energy Solar Limited (New Energy Solar) on its ASX listing and public offering (IPO).

The IPO is expected to be priced at between A$1.45 and A$1.55 per stapled security, which will raise between A$100 million and A$300 million for a projected market capitalisation of between A$387.4 million and A$587.4 million.

Advising on the dual listing of a diagnostics company

02 Nov 2017

Simmons & Simmons has advised on the dual listing on AIM of Novacyt, an international diagnostics company whose shares are already listed on the Euronext Growth Market, Paris.

The Simmons & Simmons team, led by partner Charles Mayo, advised the nominated adviser and joint broker Stifel Nicolaus Europe Limited  and joint broker WG Partners on the admission of Novacyt to AIM through placings of shares with new UK institutional investors and new and current French institutional investors to raise EU10m  in total.

MinterEllison advises Johns Lyng Group on $96 million IPO and ASX listing

01 Nov 2017

MinterEllison has advised the Johns Lyng Group Limited on its listing on the ASX and initial public offering of its shares, which raised approximately $96 million.

MinterEllison has advised Johns Lyng Group Limited (JLG) on its listing on the Australian Securities Exchange (ASX) and initial public offering (IPO) of its shares, which raised approximately $96 million.

Pinsent Masons advises Mynaric AG on its IPO

01 Nov 2017

International law firm Pinsent Masons has advised Mynaric AG on its €27.3 million IPO on the Frankfurt Stock Exchange.

Mynaric AG, a specialist for innovative laser-based communications networks in the air and in space, has successfully been listed on the stock exchange.

The issuance price was at the upper end of the bookbuilding span. The IPO was four times oversubscribed. Mynaric AG listed in the new scale segment of the Frankfurt stock exchange on 30 October 2017.

Vulcabras Azaleia Initial Public Offering

31 Oct 2017

Davis Polk advised the joint bookrunners in connection with the initial public offering by Vulcabras Azaleia S.A. and the selling shareholders of 68,420,000 common shares for an aggregate amount of approximately R$671.5 million (approximately $207.6 million). The common shares trade on the São Paulo Stock Exchange. The securities sold in the international offering were placed under Rule 144A and Regulation S.

Charles Russell Speechlys has advised fastjet on its placing and subscription to raise total funds of US$44.2 million

31 Oct 2017

Charles Russell Speechlys has advised fastjet on its placing and subscription to raise total funds of US$44.2 million in connection with agreements to enable expansion of the fastjet brand into South Africa and Mozambique, as well as access to three ATR 72-600 aircraft for 10 years equipping fastjet with the appropriate aircraft to benefit from these new market opportunities.

DWF advises CloudCall on 5.7 million fundraise

30 Oct 2017

International legal business DWF has advised software and communications company CloudCall Group plc on a successful fundraising of over £5million which will allow the company to accelerate and introduce new product development initiatives.

The AIM-listed company raised the money via a placing of shares with institutional and existing investors. The transaction was oversubscribed and represented a 5.3 per cent discount to the company's closing price.

Sea Limited Initial Public Offering and NYSE Listing

27 Oct 2017

Davis Polk advised the representatives of the underwriters of the initial public offering by Sea Limited of 58,960,000 American Depositary Shares, each representing one Class A ordinary share of Sea, for total proceeds of $884.4 million. Sea has granted the underwriters an option to purchase up to an additional 8,844,000 ADSs. The ADSs are listed on the NYSE under the symbol “SE.”