Equity Placements, Open Offers and Rights Issues
In the second video of his series Rupert explains the main equity capital raising options that are available to listed companies. He outlines what a ‘Placing’ is, who can participate in them, alongside their main advantages and disadvantages. In the final chapter Rupert unravels what an open offer is, the period it is open for and when it is typically used.
Overview
A Company has decided that it wants to issue equity capital, what options does it have?
The main driver of the choice of transaction structure is how much money the company needs to raise.
Key learning objectives:
What is Placing?
What is an Open Offer?
What is a Rights issue?
Summary
Expert
Rupert Walford
Rupert has over 25 years of experience in the financial services industry working mainly in international capital markets. He is currently a Managing Director at RBC Capital Markets in London responsible for ECM Execution and Healthcare ECM and Corporate Broking in Europe. Rupert was previously at Linklaters for 8 years, at UBS Investment Bank for 9 years as Head of Global Capital Markets Legal and as a member of UBS's ECM Execution team and subsequently at Deutsche Bank in Compliance covering ECM and Corporate Broking.
Rupert has extensive experience in a wide range of investment banking transactions in EMEA, predominantly in the emerging markets and in particular Russia. He is also a qualified lawyer.
