Major IPO foreshadows ASX trend, top lawyer says

Global firm helps ensure largest ASX IPO so far in 2019 succeeds

Major IPO foreshadows ASX trend, top lawyer says

The IPO of Life360, the largest IPO so far on the ASX this year, is a sign of things to come for listing in the exchange.

That’s according to Tony Sparks, who jointly headed the Allen & Overy team with partner Mark Leemen, as they advised Credit Suisse and Bell Potter on the Life360 IPO. The financial institutions were joint lead managers on the $820m IPO, which was conducted after a successful private placement to stockholders in the US late last year.

“This offer will continue a trend of overseas technology companies seeking to list on the ASX as an alternative, or precursor, to listing on NASDAQ or other established exchanges,” Sparks said.

Life360 is the largest US-headquartered tech company to list on the ASX. The Allen & Overy team that advised the company also included associate Kieran Berry, graduate Isobel Smith, and counsel Cecile Baume. \

DLA Piper earlier confirmed its role advising Life360 on the IPO. The company’s US counsel was Orrick, Herrington & Sutcliffe.

Related stories

Free newsletter

Subscribe to our FREE newsletter service and we’ll keep you up-to-date with the latest breaking news, cutting edge opinion, and expert analysis affecting both your business and the industry as whole.

Please enter your email address below and click on Sign Up for daily newsletters from Australasian Lawyer.

Recent articles & video

UK insurance test case ruling is ‘an important decision for Australian policyholders,’ HSF says

Hall & Wilcox, G+T advise on investment in smartphone mount startup

Brexit battle leads to resignation of UK government’s longest-tenured justice minister

LegalVision helps tech startups net $20m in Series A capital raises

NSW law firm’s joint venture with advisory firm provides over 450 hours of pro bono work

FenXun Partners adds senior counsel to financial services group

Most Read Articles

‘I used to work myself too hard and complain about it, but not anymore’

Clifford Gouldson Lawyers elevates five

Squire Patton Boggs is a jack of all trades in cross-border deals, acquisitions

Lander & Rogers reveals new look in rebranding initiative