Herbert Smith Freehills has advised oOh!media Limited (oOh!media) in relation to its initial public offering and listing on the Australian Securities Exchange (ASX). The offer consists of an institutional offer, broker firm offer and priority offer (Offer) and values oOh!media at A$365.5 million at the offer price of A$1.93 per share.
oOh!media is Australia’s largest out of home media company and provides advertisers with access to a diverse range of audiences across its national portfolio of out of home advertising spaces throughout Australia and New Zealand.
oOh!media listed on the ASX on 17 December 2014.
The Herbert Smith Freehills IPO team was led by partners Philippa Stone, Philip Hart, Mark Crean and Mark Currell and assisted by senior associates Lucy Hall, Hemang Shah and Stacia Super, and solicitors Hayden Guthrie, Chris Mellish, Thomas Mawson and Peter Ip.
Philippa Stone said “We are delighted to have assisted oOh!Media with its IPO and ASX listing, and wish them well for this exciting next stage in the growth of their business.”
Philip Hart added “It has been a pleasure to work with oOh!media on their IPO and ASX listing and we look forward to continuing to assist them in the future.”
The Offer is being managed and underwritten by Macquarie Capital (Australia) Limited and J.P. Morgan Australia Limited (Joint Lead Managers). The Joint Lead Managers are being advised by Clayton Utz.
Herbert Smith Freehills’ capital markets team has also recently acted for SurfStitch on its A$214.0 million IPO, the Commonwealth of Australia on the A$5.9 billion Medibank Private IPO, Aconex on its A$312.3 million IPO, Healthscope on its A$3.6 billion IPO, Speedcast on its US$263.0 million IPO, Genworth Financial on Genworth Australia’s A$1.6 billion IPO, Japara Healthcare Limited on its A$525m IPO, SG Fleet on its A$454.2 million IPO, PACT Group on its A$1.12 billion IPO, Industria REIT on its A$250 million IPO, iBuy on its A$115 million IPO, McAleese Group on its A$166 million IPO, for the joint lead managers on Spotless Group’s A$1.9 billion IPO, Veda’s A$1.05 billion IPO and OzForex Group’s A$439 million IPO, for the sole lead manager on National Storage REIT’s A$240 million IPO, for the joint lead managers on iSelect’s A$215 million IPO and for Calibre Group on its A$477 million IPO.
Source: www.herbertsmithfreehills.com
