Equity Capital Markets / IPOs

Our national Equity Capital Markets team comprises lawyers with a unique combination of specialist expertise and broad-based finance experience in Australian, Asian, European and North American capital markets. Acting for corporations, financiers, sponsors and governments, the team has led the way in the development and refinement of supporting legal structures.

We advise clients on all aspects of equity capital markets including acting for issuers and arrangers on IPOs, rights issues, large-scale placements, hybrids, derivative transactions and private equity. Our experience extends to offerings in Australia and/or overseas, involving a variety of different securities and equity instruments.

Working closely with leading investment banks, we are at the forefront of trends and recent developments in the equity sector including acting on some of the most sophisticated hybrids to have been developed in the Australian market to date.

For IPOs, timing, structure and market-readiness are critical factors. Experienced legal advice is necessary to ensure an optimised offering to which the market will be receptive. It will also ensure compliance with the capital structure and reporting requirements for listed companies. The Clayton Utz ECM team can work with you to achieve a smooth and successfully-managed IPO outcome.

We take an integrated approach to meeting our clients' needs across a wide range of transactions, including:

• Initial public offerings (IPOs)
  
• Rights issues
  
• Large-scale placements
  
• Hybrids and equity-linked transactions
  
• Derivative transactions
  
• Underwriting
  
• Book builds
  
• Management buy-outs and buy-ins
  
• Capital restructuring including buy-backs, capital reductions and debt-for-equity swaps
  
• Structured products
  
• Prospectuses and other disclosure documents
  
• Stock exchange listing requirements (for both admission and ongoing compliance).

In ensuring all aspects of a capital raising are considered, our team draws upon specialist expertise in debt capital markets, taxation, superannuation, competition, litigation, finance and other areas of the law.

What others say

Capital Markets: Equity - Leading
PLC Which Lawyer 2009

1st Tier for ECMIFLR1000 2008

Clients described working with this “consistently high-quality team” as “a wholly positive experience.” It is experienced in the full array of equity transactions, from IPOs to secondary offerings to hybrid issues, and represents issuers and lead managers with equal ease. Chambers Global 2008 Australian Chapter