Linklaters

In global capital markets league tables, Linklaters consistently ranks at the top for both global and Europe, Middle East and Africa (EMEA) IPOs. The firm rates as the leading legal adviser to managers and is consistently very highly ranked in issuer adviser league tables. League tables also show Linklaters in a dominant position for equity-linked transactions,.

The firm’s experience covers the full range of equity and equity-related transactions, including IPOs, secondary offerings, block trades, rights issues, and convertible and exchangeable bonds. Linklaters’ global equity capital markets team also draws as required on the expertise of the firm’s market-leading banking, commercial, competition, corporate, employment, environment and tax specialists.

Linklaters’ equity capital markets lawyers have a depth of domestic market experience in each of the jurisdictions in which they practice and a long history of working alongside US international capital markets lawyers in closely integrated teams. Our 170 US-qualified lawyers, located in New York, London and eight other offices worldwide in turn distinguish themselves by their depth of knowledge of each of the domestic markets they operate in.

Linklaters has been at the forefront of advising on some of the world’s largest and most complex recent equity capital markets transactions.

Recent equity capital markets transactions include advising

• Rio Tinto on its $15.2bn rights issue
• on HSBC’s £12.5bn rights issue, the largest ever rights issue
• InBev on its EUR6.36bn rights issue
• on Santander’s EUR3.502bn rights issue
• Centrica on its £2.2bn rights issue
• Fresnillo plc on its demerger and IPO - the world’s largest primary silver producer, on the LSE’s main market
• Türk Telekomünikasyon on its $1.9bn IPO
• the underwriters of the Rs. 91,875 million (approx $2.3 billion) IPO of DLF Limited, India's largest real estate developer, One of the largest IPOs by an Indian issuer
• JP Morgan Securities and Credit Suisse as brokers and joint bookrunners on the RUR230 billion ($9 billion) secondary offering of shares in Sberbank
• Citi, Deutsche Bank and Goldman Sachs as joint co-ordinators, together with Renaissance Securities as joint bookrunners, on the US$8 billion IPO of JSC VTB Bank
• the joint global co-ordinators and underwriters of the c. $4.96 billion IPO of DP World, the largest IPO ever to take place in the Middle East and the first by a Dubai government-owned entity