The volatile capital markets demand innovative solutions. Corporate issuers and major investment banks rely on King & Wood Mallesons to help them tap into the equity capital markets to fuel their business and strategic objectives.
With the volume of new capital required during the global financial crisis, new rights issues structures emerged, including the fixed price Jumbo and the Simultaneous Accelerated Renouncable Entitlement Offer (SAREO) as well as the most recent structure, the Pro Rata Accelerated Institutional Tradeable Retail Entitlement Offer (PAITREO). In addition, new ways of doing things, including “low docs” issues emerged. Our team led the way with these innovations, advising on the ground-breaking, low-doc deals, all of the SAREO capital raisings in the market and the original PAITREO capital raising. We continue to set the industry standard with respect to documentation.
As the capital markets in Asia, and in particular China, continue to evolve, clients are relying on our years of experience in the region to help them move with the market. With a deep understanding of local and international capital markets, we assist Chinese companies to list on foreign exchanges, including listings on multiple exchanges simultaneously. Our recent experience includes some of the most significant IPOs in the region, including Seven Group’s $250m cornerstone investment in the Agriculture Bank of China IPO, the world’s largest IPO to date.