Pinsent Masons has advised Hannam & Partners and Daniel Stewart & Company Plc as joint bookrunners on the £15.2m main market IPO of Rainbow Rare Earths Ltd.

Rainbow Rare Earths Ltd is a Guernsey incorporated rare earth development company operating in East Africa with a specific focus on Burundi and the company's shares were admitted to trading on 30 January.

The Pinsent Masons team acting on the transaction was led by partner Jon Harris and senior associate Adam Cain with assistance from solicitor Dan Hickie.

Commenting on the listing of Rainbow Rare Earths Ltd, Jon Harris, said:

"We are delighted to have worked on this main market IPO, our first completed IPO of 2017."