The IPO Lifecycle
Timing, structure and market-readiness are critical factors to ensuring a successful IPO. Attend and gain knowledge on capital raising for startups and getting IPO ready, including selecting the right governance structures, advisors and timing. Examine all aspects of the capital raising process: due diligence, DDC process, key ASX admission criteria and best corporate governance practices. Analyse tax structuring including FloatCo vs SaleCo structures and explore post IPO capital raising options. WEB2111N01
Description
Attend and earn 4 CPD units including:
3.5 units in Substantive Law
0.5 unit in Professional Skills
This program is applicable to practitioners from all States & Territories
Chair: Luke Headland, Senior Private Wealth Manager, Senior SIV & IV Investment Specialist, Ord Minnett
1:00pm to 1:05pm Opening Comments by the Chair
1:05pm to 1:50pm Capital Raising for Startups
- Questions a founder should ask before raising capital
- Different structures to consider when raising capital
- Managing raise documentation
Presented By Jill McKnight,Practice Leader, LegalVision
1:50pm to 2:35pm Pre-IPO Issues: Getting IPO Ready
- How do you or your client know if they are IPO ready?
- Getting the right governance and management structure in place
- How can the GC support the business to get ready?
- Continuous disclosure system
- Pre-IPO capital raising: why do it and key considerations
- Selecting IPO advisers and determining IPO timing
Presented By Adam D’Andreti, Partner, Gilbert & Tobin; Best Lawyers 2022, Corporate Law, Equity Capital Markets Law, Mergers & Acquisitions Law and Private Equity Law; 2020 Capital Markets Partner of the Year, Lawyers Weekly
2:35pm to 2:45 Break
2:45pm to 3:30pm IPO Capital Raising
- The IPO process and timeline
- Prospectus content requirements
- Due diligence and the DDC process
- Key ASX admission criteria
- ASX best practice recommendations for corporate governance
- ASX imposed and voluntary escrow
- Offer structure
- Engaging with ASIC and ASX
Presented By Grant Hummel, Partner, HWL Ebsworth
3:30pm to 4:15pm Professional skills IPOs and Tax
- FloatCo vs SaleCo IPO structures
- Pros and Cons of each
- Tax consolidation
- Tax rollovers
- Demergers and IPOs
- Demerger tax relief
- IPO approaches: demerger tax relief requirements
Presented by Paul Culibrk, M&A Tax Partner, Deloitte
4:15pm to 5:00pm Post IPO Capital Raisings
- Capital raising structures post-IPO
- Systems of disclosure
- Due diligence process and liability regime
- Investor communications
Presented by Amanda Isouard, Special Counsel, King & Wood Mallesons
5:00pm to 5:15pm Final Q&A and Closing Comments by the Chair
Presenters
Luke Headland
Luke Headland is a Senior Private Wealth Manager, Senior SIV and IV Investment Specialist at Ord Minnett. As a stockbroker and financial adviser, Luke has been with Ord Minnett for 18 years. His cliental consists mostly of ultra and high net worth individuals. Luke advises and facilitates investment into IPOs for investors. Luke provides financial advice to directors, founders and substantial shareholders upon liquidity events such as IPOs or trade sales.
Jill McKnight
Jill McKnight is a Practice Group Leader with particular expertise in Corporate and Banking and Finance Law. She has over 20 years’ experience practising as a lawyer at top law firms in Europe, Asia and Australia. She is qualified in England and Wales, as well as Australia. Jill specialises in Corporate Law, advising startups and investors (including VCs) on raising capital via SAFEs, convertible notes, revenue loans, venture debt and straight equity. In addition to Corporate Law, Jill also specialises in Banking and Finance Law having previously worked at a number of global top-tier firms where she advised large corporates and other sophisticated clients on complex cross-border transactions. Jill uses her experience working on large, complex transactions to provide startups, SMEs and corporate clients with high-quality commercial legal advice.
Adam D’Andreti
Adam D’Andreti is a partner in Gilbert + Tobin’s Corporate Advisory Group. Adam specialises in acting on equity capital markets transactions and advising on Australian securities law issues. He has extensive experience advising both issuers and brokers on initial public offerings and secondary raisings in Australia and also regularly acts on public regulated merger and acquisitions transactions. Adam is a Chambers Global and Chambers Asia-Pacific ranked lawyer in the Capital Markets: Equity category, and won Capital Markets Partner of the Year at the 2020 Lawyers Weekly Partner of the Year Awards. Best Lawyers 2021 recognises Adam in the Corporate Law, Equity Capital Markets Law, Mergers & Acquisitions Law and Private Equity Law categories.
Grant Hummel, Partner
Grant Hummel is a Partner of HWL Ebsworth who has corporate and commercial experience, with particular expertise in capital raisings, securities law, mergers and acquisitions, advising in relation to the Corporations Act, and the ASX Listing Rules. Grant co-leads HWL Ebsworth’s Health Industry Group. The Involvement of the team led by Grant Hummel in corporate matters is sought after because of its ability to understand and clearly define the key value drivers for clients in the midst of complex transaction in an efficient, effective and timely manner.
Paul Culibrk
Paul Culibrk is a Tax Partner in Deloitte's Melbourne M&A team. He has over 20 years' experience dealing with complex Australian and international M&A tax issues for private equity, managed funds, corporate and privately owned groups. His experience covers a variety of M&A and transaction situations, including tax due diligence, domestic and cross-border acquisition and sale structuring, pre-sale restructuring, IPOs and other capital market transactions, financing and refinancing, tax consolidation outcomes and other complex transaction advisory tax work.
Amanda Isouard
Amanda Isouard is a Special Counsel in the Mergers & Acquisitions team, specialising in equity capital markets, hybrid securities, schemes, takeovers, private sales & acquisitions & corporate governance advice. Amanda has over 12 years’ M&A experience, and was involved in a number of capital raisings during the GFC. Amanda is able to leverage off that invaluable GFC experience to assist with advising on capital raisings in the current health & economic crisis environment. Amanda is listed under “Rising Stars” for Equity Capital Markets in The Legal 500 & has been described as a “key lawyer” & a “name to note”.