Herbert Smith Freehills has advised Lovisa Holdings Limited (Lovisa) on its successful A$210 million initial public offering (IPO) on the Australian Securities Exchange (ASX).

Lovisa is a specialist fast fashion jewellery retailer with 220 stores in 8 countries around the world. It delivers quality, affordable and on trend products from concept to shop floor in approximately 8 – 10 weeks, allowing it to, on average, introduce more than 120 new lines of jewellery each week and showcase on average 2,500+ jewellery lines in its stores.

Lovisa listed on the ASX on 18 December 2014.

This IPO again highlighted the strength of Herbert Smith Freehills’ equity capital markets team and it broader capabilities. Melbourne based partner Richard Loveridge led the transaction. Richard was supported by senior associate Cecilia Mehl and solicitors Liam Hickey and Andrew Earle, as well as a large team of other specialists, including head office advisory experts Lauren Selby and Amy Henderson and banking experts Martin McDonald and Melanie Chan.

Richard Loveridge said: “We are delighted to have assisted Lovisa with its IPO and ASX listing. Lovisa is well placed to take advantage of this exciting next stage in the growth of its business. We look forward to continuing to work with Lovisa in the future.”

CIMB Capital Markets (Australia) Limited and Morgans Corporate Limited each acted as Joint Lead Manager and Underwriter on the offering.