Category: Resource
2023 Financial Staleness and Filing Guide
As we approach the end of 2022, many companies are looking toward 2023 for initial public offerings and other public financing transactions. Among the most commonly asked questions during capital markets transactions – and one that is crucial in determining deal timelines – is this: “Which financial statements are required in order to price the offering?” To help answer […]
2021 Update: 10 Key Considerations for Going Public with a SPAC
It is a reasonable extrapolation – and we are nothing at Cooley if not wildly reasonable – that, since the beginning of time, more operating companies are considering going public through a merger with a SPAC (Special Purpose Acquisition Company). While the number of SPAC IPOs may have peaked in […]
SPAC Transactions – Considerations for Target-Company CFOs
Although special-purpose acquisition companies (SPACs) have been used for decades as alternative investment vehicles, they have recently come into vogue as seasoned investors and management teams have turned to SPACs to mitigate the increased market volatility risk of traditional initial public offerings (IPOs). In fact, 2020 has been a record-breaking […]
London Listings for People’s Republic of China (PRC) Companies
The United Kingdom (UK) offers a range of markets that companies in the People’s Republic of China (PRC) might consider as venues for a primary or secondary listing of their equity securities. This blog post provides a high-level overview of the types of equity securities which might be listed, factors […]
25 Considerations in Preparing for an IPO in the UK
1. Selecting a stock exchange or market Understand the benefits of the alternative listing options, such as the premium or standard segments of the Main Market or the AIM market of the London Stock Exchange, which are the main options for a company considering an IPO in the UK. Analyse […]
Cooley’s Commitment to Black Lives Matter
Aligning with the firm’s commitment to being an active agent of change, On June 4, Cooley announced that it will donate $450,000 to the Equal Justice Initiative, which works to end mass incarceration and excessive punishment, to challenge racial and economic injustice and to protect basic human rights for the […]
10 Key Considerations for IPOs During COVID-19
Despite the COVID-19 pandemic and associated stock market difficulties, some IPOs are getting done. Prior to the pandemic, IPO timelines for the rest of 2020 were largely focused on navigating around the upcoming U.S. elections. The focus has now shifted to the duration and impact of the pandemic, and when […]
10 Key Considerations in Preparing for a Direct Listing
1. Avoiding dilution versus fundraising A critical consideration in any IPO, but particularly when the IPO price is lower than recent private valuations or expectations, is the significant dilution associated with the shares sold by the company to the public. For companies with a strong balance sheet, this dilution can […]
25 Considerations in Preparing For an IPO: Tech Companies
1. Experienced advisers Choose experienced advisers, including lawyers, auditors and financial consultants (if necessary), and get them involved early. Advisers who work routinely with the SEC and investment bankers – and each other – will help proactively identify key issues, expedite the transaction and avoid the pitfalls that can delay […]
25 Considerations in Preparing For an IPO: Healthcare & Life Sciences Companies
1. Experienced advisors Choose experienced advisors, including lawyers, auditors and financial consultants (if necessary), and get them involved early. Advisors who work routinely with the SEC and investment bankers and each other will help proactively identify key issues, expedite the transaction and avoid the pitfalls that can delay offerings, create […]