An equity offering, in particular an IPO, is a complicated process with numerous advisers serving different stakeholders – some with conflicting interests. It is challenging and time consuming for owners and companies to design and manage this process effectively.
Our partners have advised on IPOs and share issues on OMX Copenhagen since 1997. We offer high quality, independent and impartial advice and support in designing and executing equity offerings. Our typical involvement is in connection with an IPO where we plan and manage the work-flow and decision-making throughout the process so as to maximise the transparency, control and effectiveness of the process.
Our services include:
Strategy and positioning
- Assessment of company preparedness, timing and review of shareholder alternatives.
- Company preparation including project planning, business plan assessment, equity story positioning, corporate governance and board composition.
- Positioning, capital structure, dividend policy and value maximisation.
Syndicate selection and management
- Selection of bank syndicate and other advisors including preparation for and execution of beauty contest, syndicate structure, negotiation of engagement terms and implementation of cost control measures.
- Supervising and/or coordinating IPO preparations including due diligence, equity story development and documentation.
- Ongoing monitoring/discussion of syndicate banks’ views on valuation throughout the process.
Execution
- Problem solving and dispute resolution to ensure a smooth, efficient process.
- Structuring, monitoring and review of the marketing process, including analyst and road-show presentations, investor targeting, pre-deal investor education and road-show policy.
- Analysis, review and interpretation of investor education and road show feedback.
- Pricing, sizing and allocation decisions and tactics.
Our services to listed companies include the design and execution of share issues, rights issues and secondary sales.