The decision to list on the public markets is a milestone moment in the life of any company. Whether a tactical decision to raise capital and further the business, or an exit strategy pursued by a financial sponsor owner, an initial public offering is a transformative event.
Regularly acting for high-profile corporate issuers as well as some of the most active and important investment banks in the capital markets, Travers Smith is consistently viewed as a market leader. With a group of dedicated ECM specialists, since July 2014 we have advised on over 50 IPOs on the Official List and AIM.
Our embedded US Securities law team regularly provides crucial support on matters concerning offerings into the US including 10b-5/Rule 144A coverage.
Listing is not the end of the journey. Organic growth, strategic M&A, implementing debt structures and entering new markets can all result in increased capital requirements. We regularly advise on secondary issues including placings and open offers, class 1 transactions, reverse takeovers, block trades and tender offers.
With listed status comes a number of new corporate governance and reporting requirements. A dedicated Listed Company Advisory Team within our Corporate M&A and ECM Group strengthens the relationship with our listed company clients by providing tailored, practical advice on their day-to-day requirements. Drawing on the expertise of specialist practice areas such as Employment and Tax, we coordinate advice to ensure that our listed clients have a consistent team that supports the progression of their business plan.