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CMS - Equity Capital Markets - Irokotv 2019


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Based on our direct conversations with stockbrokers, NOMADs, auditors and lawyers, an LSE AIM listed company valued at $100m would need to have (ultra conservatively) $8–10m in revenue and $0–1m in EBITDA.

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CMS - Equity Capital Markets - Irokotv 2019

  1. 1. Equity Capital Markets
  2. 2. 2 CMS Equity Capital Markets With extensive national and international reach, our market leading Equity Capital Markets team brings years of experience to support our issuer, investor and adviser clients in all aspects of ECM work. The team has a strong track record of acting on numerous IPOs in the UK and overseas, (including Rule 144A offerings in the US), secondary fund raisings and public takeovers, as well as advising listed companies generally on their day-to-day activities, such as compliance with the Listing Rules, AIM Rules, Disclosure Rules, MAR and Takeover Code, corporate governance matters and employee incentive plans. Our listed company clients come from around the world, including the UK, US, Europe, India and China, and operate in a broad range of sectors. On the institutional side, we advise a range of sponsors and nomads, as well as brokers and financial advisers. CMS Sectors Accolades ARL Advisers Rankings have ranked CMS: #8 by number of FTSE 100 clients #1 by number of FTSE AIM 50 clients #1 by number of FTSE AIM 100 clients
  3. 3. 3 Some highlights Aberforth Split Level Income £200m Main Market IPO AEW Long Lease REIT £150m Main Market IPO AEW UK REIT £100m Main Market IPO Aquis Exchange £73m IPO Aquila European Renewables Income Fund IPO and €155m fund raising Blue Ocean Maritime Income $250m IPO Blue Prism £48m AIM IPO Bralirwa Rwandan stock exchange IPO (first ever) $120m Eve Sleep £140m AIM IPO GYG £47m AIM IPO Hollywood Bowl £240m Main Market IPO IMImobile £60m AIM IPO and subsequent placing Induction Healthcare £34m AIM IPO John Laing Environmental Assets Group £160m Main Market IPO John Laing Infrastructure Fund >£750m Main Market IPO and subsequent fundraising JP Morgan Global Emerging Income Trust £104m Main Market IPO Kainos Group £164m Main Market IPO M&G Credit Income Investment Trust £250m IPO Mirriad Advertising £63m AIM IPO Myanmar Strategic Holdings $22.7m Main Market IPO Premier Asset Management £139m AIM IPO Pucari Wineries €40m IPO on the Bucharest Stock Exchange Quiz £200m AIM IPO RM2 International £278m AIM IPO Revolution Bars £100m Main Market IPO River and Mercantile UK Micro Cap Investment £51m Main Market IPO Sequoia Economic Infrastructure Income Fund >£500m Main Market IPO Secure Income REIT £239m AIM IPO SKIL Ports and Logistics £137m AIM IPO and subsequent placing Strix Group £190m AIM IPO Supermarket Income REIT £100m Main Market IPO Telefonica Deutschland €3.6bn Frankfurt IPO and rights issue The People’s Operator Holdings £100m AIM IPO Triple Point Social Housing REIT £200m Main Market IPO Williams Grand Prix £255m Frankfurt IPO XLMedia £93m AIM IPO Yew Grove REIT £75m IPO They're a really strong practice, I'm thoroughly impressed. The infrastructure is good and they cover a range of disciplines. Client quote - Chambers and Partners
  4. 4. 4 Contact Jack Shepherd Partner T +44 20 7524 6872 E Where we are
  5. 5. 5 Your free online legal information service. Your expert legal publications online A subscription service for legal articles In-depth international legal research on a variety of topics delivered by email. and insights that can be personalised. – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – CMS Legal Services EEIG (CMS EEIG) is a European Economic Interest Grouping that coordinates an organisation of independent law firms. CMS EEIG provides no client services. Such services are solely provided by CMS EEIG’s member firms in their respective jurisdictions. CMS EEIG and each of its member firms are separate and legally distinct entities, and no such entity has any authority to bind any other. CMS EEIG and each member firm are liable only for their own acts or omissions and not those of each other. The brand name “CMS” and the term “firm” are used to refer to some or all of the member firms or their offices. CMS locations: Aberdeen, Algiers, Amsterdam, Antwerp, Barcelona, Beijing, Belgrade, Bogotá, Berlin, Bratislava, Bristol, Brussels, Bucharest, Budapest, Casablanca, Cologne, Dubai, Dusseldorf, Edinburgh, Frankfurt, Geneva, Glasgow, Hamburg, Hong Kong, Istanbul, Kyiv, Leipzig, Lima, Lisbon, Ljubljana, London, Luxembourg, Lyon, Madrid, Manchester, Medellín, Mexico City, Milan, Moscow, Munich, Muscat, Paris, Podgorica, Poznań, Prague, Rio de Janeiro, Reading, Rome, Santiago de Chile, Sarajevo, Seville, Shanghai, Sheffield, Singapore, Sofia, Strasbourg, Stuttgart, Tehran, Utrecht, Vienna, Warsaw, Zagreb and Zurich. – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – The content in this document is for general purposes and guidance only. It does not constitute legal or professional advice and should not be relied on or treated as a substitute for specific advice relevant to particular circumstances. For legal advice, please contact your main contact partner at the relevant CMS member firm.