Equity Capital Markets
We have a worldwide leading practice in equity capital markets, handling primary and secondary offerings throughout the world. Our expertise covers many different industry sectors where we act for issuers, underwriters and managers.
We have considerable experience advising on initial public offerings, rights issues, issues of convertible and exchangeable securities, placings, equity-derivatives, hedging and stabilisation of equity and equity-related products. In 2013, we were top law firm for IPOs involving an issuer in Europe, the Middle East or Africa (Bloomberg).
Many of our transactions involve the simultaneous offering and listing of securities in a number of jurisdictions, including Asia and Europe. Our significant expertise enables us to advise our clients on the increasingly complex financial law and regulation relating to cross-border securities offers.
Our Equity Capital Markets practice in Hong Kong acts for both underwriters and state-owned or private owned corporates on some of the largest and most significant equity capital market transactions in the PRC and Hong Kong.
We are ranked as a top law firm for Equity Capital Markets in the UK (IFLR 1000, 2014 ).
We use them for our high-end capital markets work - they cover everything superbly. Chambers UK, 2015View all Capital Markets media comments
Our key experience includes advising:
Royal Mail, the leading provider of postal and delivery services in the UK and the UK's designated universal service provider, on an initial public offering of its ordinary shares and listing of these shares on the London Stock Exchange.
esure Group, a UK motor and home insurer, on an initial public offering of its ordinary shares and listing of these shares on the London Stock Exchange.
Countrywide Group, the UK's leading integrated, full service residential estate agency and property services group, on an initial public offering of its ordinary shares to raise approximately £200 million and listing of these shares on the London Stock Exchange.
Direct Line Insurance Group, a leading retail general insurer, on an initial public offering of ordinary shares and the listing of these shares on the London Stock Exchange and its separation from RBS Group.
PRADA, one of the world's most prestigious fashion and luxury brand groups, on its initial public offering to raise US$2.4 billion and the listing of its shares on the Hong Kong Stock Exchange.
Standard Life on its flotation on the London Stock Exchange which raised £1.1 billion of net new capital as part of offers which raised approximately £2.2 billion.
Standard Chartered, as international counsel, on a public issue and listing in India of Indian Depository Receipts. Standard Chartered is the first overseas company to list in India.
UBS, as sole global coordinator, UBS, Credit Suisse and CICC, as joint bookrunners, joint sponsors and joint lead managers, and Goldman Sachs, the Hong Kong Underwriters, on the US$3.1 billion initial public offering and listing of the H Shares of China Pacific Insurance (Group) on the Main Board of the Hong Kong Stock Exchange.
Ocado, a leading online grocer, on an initial public offering to raise approximately £200 million and the listing of its shares on the London Stock Exchange.
Standard Chartered on a rights issue to raise approximately £3.3 billion (net of expenses).
Banco Santander on a rights issue to raise approximately EUR 7.2 billion.
HM Treasury on £20 billion of capital underwitten to RBS; £17 billion underwritten to Lloyds TSB and HBOS; the take up of its rights investing £5.7 billion in the Lloyds Banking Group rights issue; and a capital injection of £25.5 billion into RBS; and £4 billion compensatory open offer by Lloyds Banking Group as part of measures to support the UK banking sector.