Mechanics of a Global Equity Offering
is a clear, accessible look at the key issues involved in a global equity offering, including:
which capital markets to tap, and how (public offering vs. private placement);
which stock exchanges to list on;
structuring the underwriting syndicates;
due diligence questions; road shows and marketing activities;
whether to disclose forecasts;
which lawyers should give ‘negative assurance' as to the disclosures in the prospectus; and
how to negotiate representations, ‘outs', indemnification and other terms of the underwriting agreements.
A group of leading securities practitioners from different capital markets—the US, Hong Kong, France, Canada, Japan and Australia—take the reader through each stage, using a case study of a global IPO of an emerging markets issuer to illustrate the process.
This book is a road map for securities lawyers, investment bankers, and senior finance officers of companies contemplating a global equity capital-raising exercise.