Insight
14 June 2018
North America Capital Raising Drives Cross-Border IPOs
Dip in Asia Pacific and EMEA markets sees overall reduction in global IPO activity as investors adopt 'wait and see' approach.
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Unprecedented volatility and intense regulatory change since the financial crisis have greatly impacted the capital markets sector. Regulators are demanding greater transparency and high levels of litigation continue. This backdrop makes raising and managing capital while complying with changing legal and listing requirements a major challenge for public and private companies and governments.

We are ranked among the top firms for Capital Markets by Chambers Global and IFLR 1000 in local jurisdictions around the world. Legal 500 consistently ranks us among the top tiers for debt and equity capital markets advisement and Law360 named us one of the top three "Mightiest Securities Practices" in 2015.

We are also highly ranked in Bloomberg and Thomson Reuters equity and debt league tables, including:

  • No. 5 for global cross-border IPOs by deal volume 2015 (advising issuer)
  • No. 1 in EMEA for cross-border IPOs by deal volume 2015 (advising issuer)
  • No. 7 in APAC for cross-border IPOs by deal volume 2015 (acting as international legal advisors to managers)
  • No. 1 in EMEA for equity IPO by deal volume Q1 2016 (advising issuers and managers)

As a top-ranked Capital Markets Practices in local jurisdictions around the world, some of our notable deals include:

Advising Middle Eastern snack food company Edita Food Industries on its E£2 billion (US$263 million) cross-border IPO on the London Stock Exchange and initial public offering on the Egyptian Exchange.

Assisting German aluminium wheel manufacturer Uniwheels with its initial public offering on the Warsaw Stock Exchange – the largest IPO on that exchange in 2015.

Advising Videocon d2h, the satellite television arm of India's Videocon Group, on its listing of US$325-million worth of American depositary receipts on Nasdaq — the largest Indian IPO in the US since 2007.

Assisting Swedish mobile gaming company LeoVegas with its initial public offering on Nasdaq, a transaction that involved a Swedish offering and placement of shares to US investors.

Representing MileSouth Apartment Portfolio, the first US real estate investment company to create a Canadian REIT to list its US assets on the Toronto Stock Exchange — one of the most successful cross-border REIT offerings in recent years.