Initial & Secondary Offerings

We advise both issuers and underwriters on IPOs and secondary equity and debt offerings on all of the principal equity markets in the United States, the UK, Continental Europe and Asia. We tailor our approach and our team to meet the specific needs of the transaction. Whether you are a company looking to take the next step and list on your domestic market, a private equity firm seeking an exit through an IPO, an international business considering which market is most appropriate or an investment bank assisting a client with a dual listing or secondary offering, we have the relevant knowledge and experience to help you accomplish your objectives.

We have substantial experience in effecting offerings by international businesses, particularly non-US and non-UK companies seeking to access the US or UK markets. Recent examples include the IPOs of China-based companies on the Hong Kong Stock Exchange, London’s AIM Market and the Frankfurt Stock Exchange. We have also been involved in advising on the IPOs of Russia-based businesses on NASDAQ and the Main Market of the London Stock Exchange and the dual listing of AIM-quoted companies on the Main Board of the Hong Kong Stock Exchange.

In addition, we advise on the structuring, due diligence and governance issues that arise in preparing for an IPO, as well as the legal and regulatory issues involved in cross-border securities transactions.

Representative securities offerings include:

• Representing a leading bank holding company in a US public offering of US$1.8 billion of common stock and convertible preferred stock.
• Representing a major US bank in its aggregate issuance of common stock generating gross proceeds of approximately US$1.7 billion.
• Representing a major US REIT in multiple secondary equity offerings including one of the largest US equity offerings in 2009.
• Representing an Arizona-based grocery store chain in its IPO, subsequent debt offerings and acquisition of multiple grocery store chains in adjoining states.
• Representing a NYSE-traded pharmaceuticals corporation in connection with two public equity offerings as well as the acquisitions of several product lines from major pharmaceuticals companies.
• Representing CTC Media as co-counsel with respect to its US$2.75 billion IPO on NASDAQ.
• Representing multi-channel retailer Findel in relation to its £81 million firm placing and open offer on the Main Market of the London Stock Exchange and its £365 million refinancing package.
• Representing Amtel-Vredestein, a Europe- and Russia-based tire manufacturer, in its US$175 million IPO of global depositary receipts (GDRs) on the London Stock Exchange.
• Representing Jetion Holdings Limited in its fundraising and IPO on London’s AIM with a market cap of £112 million.
• Representing the minority shareholders with respect to the US$400 million GDR and share offering of Transcontainer, Russia’s largest rail freight and inter-modal rail transportation company, on the London Stock Exchange and the MICEX and Russian Trading System (RTS) exchanges.
• Representing Troika Dialog, a Russia-based investment bank, in its underwriting of a US$150 million IPO of OAO Belon, a major Russia-based coal manufacturer.
• Representing Joyou AG, a leading manufacturer of faucets in China, in its €91 million IPO and listing on the Frankfurt Stock Exchange.
• Representing ZhongDe Waste Technology AG, a China-based designer and manufacturer of waste incinerators, in its listing on the Frankfurt Stock Exchange.
• Representing Asian Bamboo AG, a China-based company cultivating bamboo forests in China, in its US$130 million IPO and listing on the Frankfurt Stock Exchange.
• Representing Greens Holdings Limited in its IPO on the Hong Kong Stock Exchange and HK$409 million fundraising.
• Representing Shirble Department Store Holdings (China) Limited, a department store in Shenzhen, China, in its HK$750 million IPO and listing on the Hong Kong Stock Exchange.
• Representing China Qinfa Group Limited, a coal trading company, in its HK$550 million IPO and listing on the Hong Kong Stock Exchange adopting a variable interest entity (VIE) structure.