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Eversheds Seminar Hears How Irish Companies Can Fund Growth and Expansion with an IPO Listing

  • Ireland
  • General

16-06-2016

BRICKS AND MORTAR IRISH COMPANIES ARE BACK IN VOGUE WITH INVESTORS

Over sixty Irish business leaders attended an Eversheds seminar today to discuss how ambitious Irish companies can finance the growth and expansion of their businesses with an Initial Public Offering (IPO) listing on the stock exchange. 

The event which took place on the day Draper Esprit plc raised €102m from its IPO on the Irish Stock Exchange and London Stock Exchange heard from a number of high profile investors, companies and advisors who spoke about their first-hand experiences of what it takes to achieve a successful listing on the stock exchanges through initial public offering.

Speaking about the event, Lee Murphy, Partner and Head of Capital Markets with Eversheds, said “This was an excellent forum for our panellists to share their IPO experiences and ideas, and to discuss the do’s and don’ts of the IPO landscape.  Some key contributions were made which we believe will help assist those who are considering IPO.  For example, the myth that you have to be a large company to access capital through the markets was disbanded and the importance of investor roadshow meetings was emphasised with expert pointers on how to best approach.”

 “From an advisor’s perspective, the importance of stress testing, governance controls and preparation before any IPO was emphasised. Legal, banking and accountancy advisors work in a collaborative way with companies to ensure all due diligence is carried out to ensure the IPO prospectus meets the requirements of fund investors,” said Lee Murphy.

“While the current uncertainty about Brexit was discussed, attendees at the seminar heard that over the last few years the markets have really opened up over various sectors but particularly to bricks and mortar companies.  It was noted that companies need to pick their IPO launch window and work back from there.  Four to five months is the typical time frame leading up to the IPO, and companies need to stick to a strict timeline from start to finish.  One of the key elements is ensuring you have the right mix on your Board.  The integrity and commitment of the Board has to be demonstrated in order to instil confidence in investors.”

Participants in the various panel discussions which were moderated by Vincent Wall, Newstalk, included Dermot Crowley, Dalata Hotel Group; Feargal Mooney, Hostelworld; Orla O’Gorman,  Irish Stock Exchange; John Mattimoe, Appian Asset Management; Lee Murphy, Eversheds;  Mark Collins,  KPMG; Tommy Conway,  Investec Corporate Finance; Fergal McAleavey, Ireland Strategic Investment Fund; and Colm Ó Nualláin, Chairman, I-RES Reit plc.

For more information contact:

Clare O'Neill
Marketing Director
+353 1 6644905
clareoneill@eversheds.ie

Disclaimer

This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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