Corporate Breakfast Briefing: IPO Research — Making the Connection

Firm Event | February.08.2018 | 8:30am - 10:00am (GMT Standard Time)

Orrick London

On 1 July 2018, the new Conduct of Business Sourcebook (COBS) Rules, forming part of the FCA Handbook, will come into force. These rules provide that before any connected research is published in relation to an IPO on a regulated market:

  • an issuer must publish an approved prospectus or registration document, and
  • unconnected analysts must be provided with access to the issuer’s management.

In addition, new guidance clarifies the FCA’s expectations in relation to connected analysts’ participation in pitches for potential IPOs. Please join Orrick’s team of financial regulatory and UK and US capital markets lawyers at our breakfast briefing, when we will discuss the likely implications of these amendments to the timetable for IPOs, the structure of prospectuses and registration documents, potential regulatory arbitrage between markets, management’s interaction with analysts, and the manner in which corporate finance providers pitch for business.

Please RSVP by Thursday, 25th January 2018.

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Practice:

  • Marchés de Capitaux Actions
  • Fusions & Acquisitions
  • Technology Companies Group
  • Hôtels, complexes de loisirs et divertissement
  • Énergie
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Practice:

  • Fintech
  • Technology Companies Group
  • Banque & Finance
  • Énergie
  • Blockchain and Virtual Currency