TITLE

Herbert Smith and Stibbe beat magic circle to win Tom Tom IPO

AUTHOR(S)
Rottifield, Deborah
PUB. DATE
June 2005
SOURCE
Lawyer;6/6/2005, Vol. 19 Issue 22, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that financial industry firms Allen & Overy (A&O) and Freshfields Bruckhaus Deringer lost out to financial firms Herbert Smith and its Dutch best friend Stibbe in a pitch for the €540m (£364.8m) Initial Public Offering (IPO) of satellite navigation provider firm Tom Tom. The instruction from Tom Tom was a first for Herbert Smith and Stibbe. They won the work over four firms including A&O and Freshfields. The IPO was the largest in the Netherlands in the past five years. It confirmed the cross-border capability of Herbert Smith and Stibbe's Anglo-Dutch finance practice, as it entailed a Dutch listing to retail and institutional investors, and an international offering to institutional investors in the US under section 144A.
ACCESSION #
17334972

 

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