October 27, 2021

Three Ogier teams advise on biggest UK IPO since Brexit vote

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Ogier’s offices in Jersey, Guernsey and Cayman have assisted Biffa, a UK leading integrated waste management company, with its recent listing on the Main Market of the London Stock Exchange, including a refinancing and pre-IPO restructuring. The initial public offering resulted in total gross proceeds of around £262 million, making it the UK’s biggest IPO […]

Software group Misys scraps London IPO plans, joining long list of firms which have ditched floats post-Brexit

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By MARK SHAPLAND FOR THIS IS MONEY From Daily Mail UK When plans were unveiled 3 weeks ago, Misys boss had brushed off Brexit O2’s Spanish owner Telefonica has also canned a planned £10bn IPO Financial software firm Misys has pulled the plug on its London stock market listing due to ‘market conditions’, the latest […]

While the IPO market roars back, venture remains leery

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By Ben Narasin From TechCrunch The IPO market is poised to make an almost complete 180° turnaround after a bleak Q1 and a very quiet summer. JPMorgan alone said they were launching 20 global IPOs, and has successfully launched nine in the U.S. to strong demand. The broad market (S&P 500) has largely recovered, as well, […]

Cayman Islands: Carlyle sues China ATM firm seeking $369 million over missed IPO

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By Benjamin Robertson, Cathy Chan From Bloomberg Winding-up petition filed in Caymans by two Carlyle funds Carlyle Asia Growth Partners IV announced investment in 2010 Carlyle Group LP funds are taking legal action against Chinese automated teller machine company ATMU Inc., claiming to be owed $368.9 million after ATMU allegedly missed a four-year deadline for […]

Butterfield aims to expand trust business

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By Jonathan Kent, Business Editor From The Royal Gazette Butterfield Bank is eyeing acquisition opportunities in the trust industry after a successful debut for its shares on the New York Stock Exchange. Michael Collins, Butterfield’s chief executive officer, said the money the bank raises from the initial public offering will be used for “general corporate […]

Ogier advise on acquisition creating the first effectively US publicly listed finance business in Western China

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Ogier lawyers based in three offices have acted as BVI counsel on an acquisition that has created, in effect, the first US publicly listed finance business in Western China. Lawyers in Ogier’s BVI, Hong Kong and Jersey offices advised NASDAQ-listed DT Asia Investments Limited on its acquisition of Adrie Global Holdings Limited, which was valued […]

Cayman Islands: BeiGene, Ltd. (BGNE) plans to raise $126M in February 4th IPO

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By John Broton From EMQ News & Analysis BeiGene, Ltd. (BGNE) plans to raise $126 million in an IPO on Thursday, February 4th. The company will be issuing 5,500,000 shares at a price of $22.00-$24.00 per share. In the last 12 months, BeiGene, Ltd. generated $5.5 million in revenue and had a net loss of $33.6 […]

Why this subprime lender funds loans through the Cayman Islands

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By Kadhim Shubber From FT Alphaville Elevate Credit calls its customers in the US and the UK the “New Middle Class”, selling them loans in the latter at a representative APR of 1295 per cent. It is gearing up to float in New York this week and, if successful, the Texas-based business will be the […]

Digicel pushes the growth story as stock market flotation looms

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By Nick Webb From Independent IE Denis O’Brien must persuade investors he can turn Digicel from a regional mobile operator into a full service telecoms and media behemoth Denis O’Brien’s timing is good. The wider telecoms, broadband and media IPO market is smoking hot Open Gallery 1 Denis O’Brien’s timing is good. The wider telecoms, […]

The M&A strategies of 10 tech giants: A founder’s guide to selling your startup

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By Conner Forrest From Tech Republic For startups shopping for VC money, targeting an acquisition is one of the primary options for an exit. To help pick your targets, TechRepublic has broken down how the top 10 tech giants approach M&A. You’re a startup founder and you’re about to make your pitch. You’re standing there […]