IPO Advice

We provide independent advice to companies, private equity investors and management teams seeking to list and raise money on stock exchanges throughout Europe.

We provide independent advice to companies, private equity investors and management teams seeking to list and raise money on stock exchanges throughout Europe.

We provide independent advice to companies, private equity investors and management teams seeking to list and raise money on stock exchanges throughout Europe. Through our international network of offices we can also provide Initial Public Offer (IPO) advice on stock exchanges in the USA and Asia.

We are not a broker and so are completely free of the conflicts of interest inherent in the broking role. As an independent adviser, we are able to give our client and its shareholders the confidence that they are always receiving advice that is in their best interests. By guiding clients through the complex IPO process, we ensure they have the best advisory team for the IPO, engaged on the best possible terms.

The core of our offering is using the leverage that management and/or private equity investors have in the process to strike highly advantageous terms when they are about to award the broking mandate. This avoids the value leakage that typically happens later during the underwriting negotiation.

Our services include:

• Performing an initial strategic review and optimisation of the investment case;
• Outsourcing the time-consuming broker appointment process and utilising our detailed knowledge of each broker to assist the client decision;
• Applying our latest intelligence on issues ranging from fee levels and syndicate structures to relative performance of brokers, so clients always negotiate from a position of strength;
• Reducing fees by negotiating using the latest market knowledge with brokers and other key advisers, such as lawyers and accountants;
• Designing incentive fee structures that result in the broker being truly motivated to outperform across a range of criteria that matter to the company and ensure that incentive fees only get paid if they are deserved;
• Designing IPO syndicates that achieve the right blend of cost minimisation, efficiency of execution, research coverage and genuine competition amongst the banks;
• Keeping the broker "honest" throughout the process, monitoring valuation and allocation of shares to minimise their temptation to favour the investing institutions over the corporate client;
• Minimising the legal exposure of directors and shareholders by negotiating key warranty and indemnity terms.