40th IBA International Financial Law Conference
7 May - 9 May 2025
Session information
Committee(s)
Banking & Financial Law Committee
(Lead)
Securities and Capital Markets Committee
(Lead)
Description
While international IPOs numbers remain below average, secondary sales of existing public companies have experienced robust growth in recent years thanks to favorable market conditions, particularly in Europe. Secondary sales by pre-IPO investors, though, can take a number of different forms and sizes, including underwritten sales, accelerated book builds, open market sales (including pursuant to pre-determined plans) and issuer buybacks, dictated by, among other things, listing venue requirements, trading volume and investor preference. This panel will discuss the various factors and considerations impacting the largest equity markets and potential regulatory and market developments that may drive future activity and listing venue choices.
Session / Workshop Chair(s)
| Gonçalo Dos Reis Martins | PLMJ, Lisbon, Portugal; Vice Chair, Debt Capital Markets Subcommittee |
| Nicholas Pellicani | Debevoise & Plimpton LLP, London, England; Membership Officer, Securities and Capital Markets Committee |
Speakers
| Ayuna Nechaeva | London Stock Exchange, London, England |
| Henrik Sandstrom | Morgan Stanley AB, Stockholm, Sweden |
| Gaby Smeenk | De Brauw Blackstone Westbroek, Amsterdam, Netherlands |