PODCAST: Williams Mullen's Raising Capital 101: A Securities Podcast - What Are the Differences Between Private & Public Offerings?
PODCAST: Williams Mullen's Raising Capital 101: A Securities Podcast - What Laws Affect Securities Offerings?
PODCAST: Williams Mullen's Raising Capital 101: A Securities Podcast - What Makes it a Securities Offering?
Saudi Arabia's domestic retail sukuk market is gaining depth and momentum as issuers seek to diversify funding sources and broaden investor reach within the Kingdom. Against the backdrop of Vision 2030 and the continued...more
New UK Securities Offering Regime Comes Into Force - On 19 January, the UK’s new regime for offers of securities, the Public Offers and Admissions to Trading Regulations 2024 (POATRs) and the UK Financial Conduct...more
If the US Government shutdown drags on, market participants will start to ask what options are available to get pending deals across the finish line while the SEC is not able to declare registration statements effective....more
The UK Financial Conduct Authority has (FCA) published Primary Market Bulletin 61 (PMB 61), outlining proposed changes to the FCA Knowledge Base in preparation for the incoming Public Offers and Admissions to Trading...more
The new UK prospectus regime, the Public Offers and Admissions to Trading Regulations 2024 (POATRs), came into force on 19 January 2026. Whilst many aspects of the previous prospectus regime have been carried over, there are...more
Digital asset treasuries (DATs) — public companies established to hold cryptocurrencies as reserve assets on their balance sheets, and companies that have repositioned themselves for that purpose — have become increasingly...more
On 19 January 2026, a new UK prospectus regime, under the Public Offers and Admissions to Trading Regulations 2024 (the “New Prospectus Rules”) took effect. Published by the Financial Conduct Authority (“FCA”), the new rules...more
With much anticipation, the reforms to the prospectus requirements for public offers of bonds in the UK came into force on 19 January 2026 when the UK Prospectus Regulation was revoked and replaced by the new regulatory...more
On 19 January 2026, the new UK prospectus rules (Prospectus Rules: Admissions to Trading on a Regulated Market, known as the “PRM Sourcebook”) took effect and, together with the Public Offers and Admissions to Trading...more
The life sciences industry is poised for an upswing in initial public offering (IPO) activity in 2026, supported by a large IPO backlog, the strong performance of biotech market indices, and positive capital markets signals...more
As companies gear up for 2026, what happens at the SEC could smooth the path for public capital raising efforts. However, with “lessons learned” from the government-wide shutdown still fresh in our memories – and becoming...more
Below is our quarterly briefing covering the most important developments for UK PLCs, UK equity capital markets and UK public M&A in Q4 2025....more
On 19 January 2026, the new UK prospectus regime, implemented under the Public Offers and Admissions to Trading Regulations 2024 (“POATRs”) and accompanying UK Financial Conduct Authority (“FCA”) rules, will come into effect....more
The UK Financial Conduct Authority (FCA) has published a new webpage with updated forms and checklists to support the UK's new Public Offers and Admission to Trading regime (POATR) which fully comes into force on 19 January...more
On 13 November, the UK Financial Reporting Council (FRC) published its Annual Review of Corporate Governance Reporting (the Review), setting out key findings from an analysis of a sample of 100 randomly selected companies...more
The Toronto Stock Exchange (TSX) has made significant amendments to the original listing requirements (OLRs) in Part III of the TSX Company Manual (Manual), effective November 6, 2025. The changes modernize, simplify and...more
The SEC (U.S. Securities and Exchange Commission) and Congress can provide investors with increased access to emerging companies that historically have raised capital from institutional investors in private markets and can...more
For public companies looking to raise capital relatively quickly and at a lower cost, equity lines of credit (ELOCs) and at-the-market equity offerings (ATMs) may be viable options. Both allow companies to control the timing...more
The challenge - A decade ago, Navan set out to revolutionize the travel industry through an all-in-one platform to streamline how business travelers navigate the world – with artificial intelligence at its core....more
The UK Financial Conduct Authority (FCA) has published Primary Market Bulletin 58, setting out updates to its guidance in the Knowledge Base, in preparation for the new Public Offers and Admissions to Trading Regulations...more
As highlighted in this press release – and this related case study – Cooley was issuer’s counsel in the MapLight Therapeutics IPO that priced earlier this week. It’s a rarity for an IPO to price during a government shutdown...more
Italy has been in the process of reforming its capital markets laws and regulations for several years with the goal of creating a simpler and more competitive regime that facilitates capital formation....more
The Public Offers and Admissions to Trading (Amendment and Consequential and Transitional Provisions) Regulations 2025 have been published, together with an explanatory memorandum. The Regulations make consequential...more
The Financial Conduct Authority (FCA) has published Primary Market Bulletin 58 (PMB 58), which provides key guidance in respect of the forthcoming Public Offers and Admissions to Trading Regulations (POATRs) regime taking...more
This latest edition of Primary Market Bulletin discusses the implementation timing for the new prospectus regime and consults on new guidance notes to supplement the new regime....more