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Public Offerings Initial Public Offering (IPO)

Latham & Watkins LLP

SEC Shutdown: FAQs About Removing the Delaying Amendment

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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

Akin Gump Strauss Hauer & Feld LLP

The New UK Prospectus Rules – Significant Change for UK Capital Markets

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

Skadden, Arps, Slate, Meagher & Flom LLP

The Wait Is Over: New UK Public Offers and Admissions to Trading Regime Takes Effect

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

Goodwin

Life Sciences Capital Markets: Preparing for Your 2026 IPO

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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

Cooley LLP

Going Public? Know These Seven SEC Priorities for 2026

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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

Skadden, Arps, Slate, Meagher & Flom LLP

UK Public Markets Monitor – Q4 2025

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

DLA Piper

New TSX listing rules reshape the paths to going public

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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

Cooley LLP

Corp Fin Issues “Reopening” Guidance (And It Has to Process 900 Registration Statements!)

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In addition to noting its backlog includes 900 registration statements, Corp Fin posted this list of 9 “reopening” FAQs, which can be summarized as follows...more

Cooley LLP

Rerouted but Not Delayed: How Navan’s IPO Stayed the Course

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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

Cooley LLP

Historic IPO(s) Price During Government Shutdown

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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

Cadwalader, Wickersham & Taft LLP

SEC Changes Course on Mandatory Issuer-Investor Arbitration Clauses

On September 17, 2025, the U.S. Securities and Exchange Commission (SEC) issued a policy statement potentially paving the way for the adoption of mandatory arbitration by issuers.  According to the policy statement, “the...more

Ropes & Gray LLP

SEC Staff Updates its Guidance to Enable IPO Registration Statements to Go Effective During Government Shutdown

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IPO companies and other companies may have their registration statements go effective automatically 20 days after filing by operation of Section 8(a) of the Securities Act of 1933 (the “Securities Act”), notwithstanding the...more

Lowenstein Sandler LLP

Nasdaq Proposes To Tighten Listing Standards and Add Special Requirements for China-Based Companies

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On Sept. 3, Nasdaq submitted proposals to the U.S. Securities and Exchange Commission (SEC) to modify its initial and continued listing standards, with the stated aim of improving market integrity, investor protection, and...more

Latham & Watkins LLP

IPO Market Gears Up For Late-Year Surge In New Listings

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Initial public offerings appear poised for a surge to finish the year as the uncertainty surrounding President Donald Trump's sweeping tariff actions and geopolitical tensions has subsided, with experts saying that companies...more

Knobbe Martens

Firefly Aerospace Soars in $6.3 Billion IPO as Space Tech Investment Accelerates

Knobbe Martens on

Firefly Aerospace, Inc. (NASDAQ: FLY) completed one of 2025’s largest space technology initial public offerings (IPO) on August 7, 2025. Firefly priced its shares at $45 and closed its first day up more than 30% at $60.35,...more

Paul Hastings LLP

UK Equity Capital Markets Insights — August 2025

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In this edition of UK Equity Capital Markets Insights, we cover the following developments: • Consultation by the UK Takeover Panel on IPO Disclosures and Dual Class Share Structures - • The Publication of the UK FCA’s...more

Latham & Watkins LLP

Recent Developments for UK PLCs - August 2025

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On 15 July 2025, the FCA published PS25/9 and PS25/10 outlining its final rules for the new Public Offers and Admissions to Trading regime, which will supersede the existing UK Prospectus Regulation from 19 January 2026....more

BCLP

UK Corporate Briefing - August 2025

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Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. ...more

Paul Hastings LLP

UK Public Offers and Admissions to Trading Regime

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The principal regulations governing offers of securities to the public and admissions of securities to trading on regulated markets in the United Kingdom, including the requirements for a prospectus, are contained in the UK...more

Orrick, Herrington & Sutcliffe LLP

Prospectus Rules: Reformed

The Financial Conduct Authority (FCA) has finalised its rules for the new Public Offers and Admissions to Trading regime, which will replace the existing UK Prospectus Regulation from 19 January 2026. The publication of the...more

Latham & Watkins LLP

The New UK Prospectus Regime

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On 15 July 2025, the FCA published PS25/9 and PS25/10 outlining its final rules for the new Public Offers and Admissions to Trading regime, which will supersede the existing UK Prospectus Regulation from 19 January 2026. This...more

Conyers

Norway Bulletin 2025

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We are pleased to present the Conyers Norway Bulletin for 2025. This edition highlights key developments impacting Bermuda-incorporated companies in the Norwegian market over the past year. The Euronext Oslo Børs...more

Cozen O'Connor

Nasdaq Increases Initial Listing Liquidity Requirements: What It Means for Companies Going Public

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On March 12, 2025, the SEC approved a significant rule change to Nasdaq’s initial listing liquidity requirements (the New Liquidity Rules). These changes make it more challenging for companies seeking to list on the Nasdaq...more

DLA Piper

SEC Expands Confidential Review Process to Facilitate Capital Formation

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Companies seeking to raise capital through a public offering are encouraged to note the US Securities and Exchange Commission (SEC)’s announcement on March 3, 2025 that the staff of the Division of Corporation Finance (SEC...more

Latham & Watkins LLP

Financial Statement Requirements in US Securities Offerings: What Non-US Issuers Need to Know - 2025 Edition

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The most frequently asked question at all-hands meetings for a securities offering is “What financial statements will be needed?” The question seems simple enough. But the answer is rarely straightforward. This User’s...more

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