Made.com’s £775 Million Initial Public Offering

In UK Latham & Watkins, advised on the matter.

Latham & Watkins advised JP Morgan, Liberum Capital Limited , Morgan Stanley with a team including James Burnett (Equity Capital Markets), Chris Horton (Picture – Equity Capital Markets).

Based on the offer price, Made.com’s market capitalization was approximately £775 million at the commencement of conditional dealings on the main market for listed securities of the London Stock Exchange.

The offer comprises of 50.0 million new shares to be issued by Made.com and 46.9 million existing shares to be sold by existing shareholders (excluding any over-allotment shares) equating to a total offer size of £193.8 million. A further 14.5 million shares are being made available by certain of the selling shareholders pursuant to the over-allotment option, which, if exercised in full, would increase the number of shares in the offer to 111.5 million shares in total.

JP Morgan and Morgan Stanley acted as joint global coordinators and joint bookrunners on the float, while Liberum Capital acted co-lead manager.

Based in London, England, Made.com designs and markets homewares and furniture online and through a network of experiential showrooms in Europe.

The Latham team is being led by London corporate partner Chris Horton (Picture), with associates Sean Meehan and Nick Fisher. US capital markets advice was provided by partner James Burnett and associate Yolanda Min; advice on tax matters was provided by counsel James Leslie and associate Abi Jacobs.

Involved fees earner: James Burnett – Latham & Watkins; Nick Fisher – Latham & Watkins; Chris Horton – Latham & Watkins; Abigail Jacobs – Latham & Watkins; James Leslie – Latham & Watkins; Sean Meehan – Latham & Watkins; Yixiao Min – Latham & Watkins;

Law Firms: Latham & Watkins;

Clients: JP Morgan; Liberum Capital Limited ; Morgan Stanley;

Author: Giulia Di Palma