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Capital Raising Listing Rules

Latham & Watkins LLP

The Latham FPI Guide: Accessing the US Capital Markets From Outside the United States - 2024 Edition

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Fabry-Pérot Interferometer, SA is a highly successful non-US company known to the world as FPI. FPI is considering doing a debt or equity offering in the United States. What are the key legal issues it, and its underwriters...more

WilmerHale

2024 IPO Report

WilmerHale on

Pessimism surrounding the Federal Reserve’s interest rate hikes, combined with subdued business and consumer confidence as well as geopolitical concerns, weighed heavily on the IPO market in 2023. With 117 IPOs in 2023...more

Skadden, Arps, Slate, Meagher & Flom LLP

Report on Hong Kong-Listed Biotech Companies - April 2023

点击此处阅读调查报告全文 Our third annual report on Hong Kong-listed biotech companies examines how the sector performed during the challenging conditions for capital markets globally over the past 12 months. Although aggregate listing...more

Mayer Brown Free Writings + Perspectives

NYSE Receives Approval for Rule Change Providing More Flexibility for Direct Listings with Capital Raise

On December 15, 2022, the New York Stock Exchange (“NYSE”) received approval from the Securities and Exchange Commission (“SEC”) to modify certain pricing limitations for companies undertaking a direct listing involving sales...more

Katten Muchin Rosenman LLP

The SPAC Report: Mark Wood, National Capital Markets Practice Co-Head, Speaks With Bloomberg Tax on Proactive Disclosures as SEC...

Recent SEC Comment Letters Recent Securities and Exchange Commission (SEC) comment letters reveal the SEC's close examination of special purpose acquisition companies (SPACs) and their proposed business combinations show no...more

Dechert LLP

International Capital Markets Newsletter - Winter 2021: New Singapore Listing Rules for SPACs

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The Singapore Exchange (“SGX”) recently finalized its listing rules for special purpose acquisition companies (“SPACs”) on the Mainboard of the SGX. Sponsors contemplating a SPAC listing may now consider listing in Singapore,...more

Katten Muchin Rosenman LLP

Capital Markets Compass | Issue 1

Stable Road Enforcement Action Post Mortem: Lessons for the SPAC Market After Momentus Begins Trading - Stable Road And Momentus Close Business Combination. On August 11, Stable Road Acquisition Corp., a special purpose...more

Proskauer Rose LLP

Top 10 Practice Tips: Business Development Companies

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Over the last several years, an increasing number of asset managers have evaluated the potential benefits of including a business development company (BDC) as part of a diversified credit platform. A BDC is a hybrid of an...more

Latham & Watkins LLP

SPACs Arrive in Singapore - Singapore Exchange Issues Listing Framework

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The SPAC Framework proposes to safeguard investor interests and meet capital-raising market needs. Special purpose acquisition companies (SPACs) can now list on the Mainboard of the Singapore Exchange Securities Trading...more

Orrick, Herrington & Sutcliffe LLP

Exit through the SPAC door? UK FCA publishes proposed changes to the Listing Rules

The UK Financial Conduct Authority ("FCA") has published its proposals to amend the Listing Rules relating to special purpose acquisition companies ("SPACs"), having considered Lord Hill’s UK Listing Review Report....more

Morgan Lewis

SPACs: Financial Conduct Authority Consults on Changes to UK Listing Regime

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Key proposed changes to the UK listing regime include the removal of the presumption of suspension in trading in a SPAC’s shares when it announces a potential acquisition, subject to certain qualifying criteria being met....more

Hogan Lovells

FCA consults on SPACs

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The FCA has published a consultation paper (CP 21/10) on proposed Listing Rule changes for certain London-listed special purpose acquisition companies (SPACs) to remove the presumption that the securities of a SPAC should be...more

Morgan Lewis

Going Green and Digital – Hong Kong Stock Exchange Introduces Paperless Initiatives Amid COVID-19

Morgan Lewis on

All initial public offerings (IPOs) must be paperless from July 5, 2021 and documents put on display by issuers to support listings and transactions must be made available online from October 4, 2021....more

Skadden, Arps, Slate, Meagher & Flom LLP

2021 Forecast for UK M&A and IPOs: Delayed Gratification?

Many commentators predicted a boom in M&A and initial public offerings (IPOs) in the U.K. in 2020, a year that proved making predictions is a risky business. As we enter 2021, however, there are good reasons to believe that...more

BCLP

SEC affirms NYSE rule changes allowing primary capital raises by issuers in direct listings

BCLP on

Yesterday, by another 3-2 vote, the SEC approved changes to NYSE listing rules relating to primary direct listings after conducting a “de novo” review following objections raised by certain investors and commentators. In...more

BCLP

SEC stays approval of NYSE rule changes allowing primary capital raises by issuers in direct listings

BCLP on

On August 26, 2020, pursuant to delegated authority by the Commission, the SEC’s Division of Trading and Markets approved changes to NYSE listing rules to allow companies to raise capital in connection with a direct listing...more

Jones Day

NYSE Reproposes to Permit Capital Raising in Direct Listings - Following two prior proposals during 2019, the New York Stock...

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The current proposal, which was submitted by the NYSE on June 22, 2020, would, like the prior proposal, allow a private company seeking to raise capital through a direct listing to satisfy the NYSE's market value requirement...more

Orrick, Herrington & Sutcliffe LLP

Now Is the Perfect Time to Plan for Your U.S. IPO in 2021

The U.S. IPO market has re-opened in a big way: demand is up substantially after a dip in March and April, and the outlook for companies looking to list on Nasdaq or the NYSE, particularly for life sciences companies, is...more

Stinson - Corporate & Securities Law Blog

NYSE Proposes Rule Changes to Provide COVID-19 Relief for Listed Companies

Relief From Shareholder Approval - As a result of COVID-19, the NYSE believes that it is likely that many listed companies will have urgent liquidity needs in the coming months due to lost revenues and maturing debt...more

Jones Day

NYSE Proposes Updated Rule Change to Permit Capital Raising in Direct Listings

Jones Day on

Less than a week after the U.S. Securities and Exchange Commission ("SEC") rejected a proposed rule change to permit primary capital raising in direct listings, the New York Stock Exchange ("NYSE") submitted an updated...more

Jones Day

SEC Rejects Initial NYSE Proposal on Capital Raising in Direct Listings - The rule change would have allowed companies to raise...

Jones Day on

On December 6, 2019, the U.S. Securities and Exchange Commission rejected a proposed New York Stock Exchange ("NYSE") rule change that would allow companies to raise capital in a direct listing...more

Wilson Sonsini Goodrich & Rosati

NYSE Files Revised Proposal to Allow Primary Direct Floor Listings

Yesterday, the New York Stock Exchange (NYSE) filed a revised proposal with the Securities and Exchange Commission (SEC) to allow companies to sell shares on their own behalf in direct listings. Last week, as discussed in our...more

Jones Day

NYSE Proposes a Capital-Raising Option in Direct Listings

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The Situation: Direct listings, through which a company lists its shares on a national stock exchange without conducting a traditional initial public offering ("IPO"), have received significant attention from the media and...more

Morrison & Foerster LLP - JOBS Act

The Small IPO

There have been any number of economic analyses demonstrating that the public markets remain inhospitable to smaller IPOs and blog posts (many, ours) lamenting the absence of smaller IPOs. Recently, in preparing for a...more

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