Mobile Menu
Newsletters

Bermuda Public Companies Update - November 2017

We are pleased to present the latest edition of our Bermuda Public Companies Update which features a recap of significant transactions involving Bermuda public companies listed on the NYSE and Nasdaq for the period of Q2 through Q3 2017.

Q2 MARKS BUSIEST QUARTER SINCE 2015

The second quarter of 2017 saw a total of 48 IPOS on the NYSE and Nasdaq, raising a total of US$10.9 billion. The last week of June was the most active of the year, with eight IPOs, making Q2 the busiest quarter since 2015.

The third quarter did not maintain Q2’s strong showing (in fact the period from mid-August through mid-September saw no new listings at all), but recovered sufficiently to end with 26 IPOs resulting in a year-to-date total of 96, a slight increase from 2016’s deal count of 88.

SIGNIFICANT DEAL ACTIVITY EXPECTED IN Q4

Perhaps the most promising observation over this period lies in the deal pipeline. At the end of Q3, the six-month IPO backlog sits at 40 listings with anticipated total proceeds of US$8.5 billion. This is a significant improvement over Q3 2016’s projections, in which just 30 deals were anticipated with proceeds of US$5.1 billion. We anticipate that Q4 2017 deal activity will increase significantly, both among Bermuda companies and more broadly.

BERMUDA PUBLIC COMPANIES REMAIN ACTIVE

Bermuda companies on US Exchanges have been active in raising capital, with a total of approximately US$2.8 billion raised year to date.

Also of interest in this edition:

  • BSX listings in the wake of EU Market Abuse Regulations
  • BSX adoption of Nasdaq technology

As ever, this update provides details of the transactions referenced above, along with statistical information about the Bermuda public companies market, which we hope will be of interest to our legal colleagues, clients and Bermuda market followers.

 

To continue reading full articles in PDF format:
Bermuda Public Companies Update - November 2017

 


Graham B.R. Collis
Director, Head of Bermuda Corporate

BERMUDA   +1 441 299 4965


David W.P. Cooke
Director

BERMUDA   +1 441 299 4933


Marcello Ausenda
Director

BERMUDA   +1 441 299 4954


Niel L. Jones
Director

BERMUDA   +1 441 299 4903


(All deal data in this section sourced from the Ipreo Equity Deals Database)

Accolades
_

"Few firms can come close to Conyers on one critical metric, and this is the breadth of the client base."
- IFLR1000

Related Jurisdictions

Bermuda


Related International Markets

Bermuda


Media Contact

For media enquiries, please contact media@conyersdill.com

Newsletters

Bermuda Public Companies Update - November 2017

We are pleased to present the latest edition of our Bermuda Public Companies Update which features a recap of significant transactions involving Bermuda public companies listed on the NYSE and Nasdaq for the period of Q2 through Q3 2017.

Q2 MARKS BUSIEST QUARTER SINCE 2015

The second quarter of 2017 saw a total of 48 IPOS on the NYSE and Nasdaq, raising a total of US$10.9 billion. The last week of June was the most active of the year, with eight IPOs, making Q2 the busiest quarter since 2015.

The third quarter did not maintain Q2’s strong showing (in fact the period from mid-August through mid-September saw no new listings at all), but recovered sufficiently to end with 26 IPOs resulting in a year-to-date total of 96, a slight increase from 2016’s deal count of 88.

SIGNIFICANT DEAL ACTIVITY EXPECTED IN Q4

Perhaps the most promising observation over this period lies in the deal pipeline. At the end of Q3, the six-month IPO backlog sits at 40 listings with anticipated total proceeds of US$8.5 billion. This is a significant improvement over Q3 2016’s projections, in which just 30 deals were anticipated with proceeds of US$5.1 billion. We anticipate that Q4 2017 deal activity will increase significantly, both among Bermuda companies and more broadly.

BERMUDA PUBLIC COMPANIES REMAIN ACTIVE

Bermuda companies on US Exchanges have been active in raising capital, with a total of approximately US$2.8 billion raised year to date.

Also of interest in this edition:

  • BSX listings in the wake of EU Market Abuse Regulations
  • BSX adoption of Nasdaq technology

As ever, this update provides details of the transactions referenced above, along with statistical information about the Bermuda public companies market, which we hope will be of interest to our legal colleagues, clients and Bermuda market followers.

 

To continue reading full articles in PDF format:
Bermuda Public Companies Update - November 2017

 


Graham B.R. Collis
Director, Head of Bermuda Corporate

BERMUDA   +1 441 299 4965


David W.P. Cooke
Director

BERMUDA   +1 441 299 4933


Marcello Ausenda
Director

BERMUDA   +1 441 299 4954


Niel L. Jones
Director

BERMUDA   +1 441 299 4903