Equity capital markets
Access to capital is a critical issue for all companies. Our capital raising experts are on hand to guide you through all types of equity raising transactions.
We are a dominant legal adviser in the small-to-mid cap equity capital market, a market segment focussed primarily on equity funding. This experience has allowed us to build relationships with regulators (ASX and ASIC) and understand market practice and trends.
We have worked with all the major investment banks, retail brokers and many boutique financial advisers, bringing our relationships with regulators, investors and other advisers to bear for our clients.
- Initial Public Offerings (IPOs) on ASX and alternate exchanges, for example NSX, including pre-IPO structuring
- Secondary raisings (including placements, rights issues, dividend reinvestment plans and share purchase plans)
- Startups, seed capital and venture capital
Advised on the third largest ASX listing of 2017 (market capitalisation of $437 million) for iconic construction group Wagners. We advised on the IPO, as well as the restructuring of the group ahead of the IPO, and the demerger of the Wagners family shareholding (to occur following completion of the IPO).
Bounty Mining Limited
Advised on Bounty Mining’s successful IPO in which Bounty raised $18 million, with 51.4 million shares at 35 cents per share. This was the first coal IPO in five years.
Advised on a cross-border placement at a 27 cent per premium raising $29.6 million from a Chinese life sciences company, Lepu Medical Group. Following this capital raising, we advised on it’s $502 million acquisition by Merck & Co Inc.
Over the Wire Holdings
Advised on a capital raising and double acquisition of Access Digital Networks and Comlinx. We previously led Over the Wire’s IPO and listing on the ASX in 2015, and have advised on six acquisitions for the company.
Acted on its $8.83 million capital raising involving all aspects involving an institutional/sophisticated placement and underwritten 4 for 9 pro rata non-renounceable rights issue, which involved structuring, due diligence and negotiations with the underwriter.
King Island Scheelite Limited
Advised in relation to an underwritten pro rata renounceable rights issue on the basis of one new share for each eight existing shares, with an attaching option for each new share issued.
State Gas Limited
Acted on its $5.25 million IPO, the first IPO of an east coast gas developer-explorer since 2006.
Rural Funds Group
Acted on its $61 million non-renounceable rights issue. The majority of funds raised were used to purchase three cattle properties and livestock in Queensland.
Prescient Therapeutics Limited
Facilitated Prescient Therapeutics Limited’s equity raising of $9.1 million. The capital raising consisted of a $7 million two tranche placement to institutional and sophisticated investors and a full underwritten pro rata non-renounceable rights issue.