Category: Resource
Beyond Borders: A Playbook to Empower Tech Legal Leaders – Foreign Private Issuer Insights
In the ever-evolving landscape of global business, tech companies are not confined by geographical boundaries – they are pioneering the path beyond borders. As in-house teams navigate the intricate realm of international expansion, the concept of becoming a foreign private issuer (FPI), or taking proactive steps to maintain FPI status, […]
Pre-IPO Converts: What Late-Stage Private Companies Should Know
Our late-stage private company clients that are on the path to an IPO in the next 12 to 24 months will often ask us for guidance on “pre-IPO converts. ” This article explains what a pre-IPO convert is and describes some of the main considerations in this type of transaction. […]
Top 10 Considerations for Management in a Continental European IPO
1. Share structure and cap table Depending on where your company is incorporated, dual- or multi-class voting structures may or may not be permitted. It is therefore important to determine early in the initial public offering (IPO) planning process whether your “œhome country ” corporate law and applicable stock exchange […]
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 […]