Herbert Smith Freehills is proud to have advised Booktopia Group Limited (Booktopia Group) on its initial public offering (IPO), priced at A$2.30 a share, raising A$43.1 million for a A$315.8 million market capitalisation (at the offer price).
Booktopia Group is the largest Australian-owned online book retailer by market share. It is an Australian home-grown business having sold items to more than 5 million customers since its establishment in 2004.
The deal team was led by partner Philip Hart and supported by senior associate Cecilia Mehl and solicitor Jennie Bian. The team also included corporate governance specialists partner Stefanie Wilkinson, senior associate Amy Henderson and solicitor Jessica Ginberg, and intellectual property and technology specialists special counsel Amalia Stone and solicitors Samuel Gonski and Thomas Gooch.
Philip Hart said, "We congratulate Booktopia Group on its successful IPO and are very pleased that the Herbert Smith Freehills team was able to assist on this significant achievement. It was a pleasure working with the Booktopia Group team and we wish them every success as a listed company".
Morgans Corporate Limited and Shaw and Partners Limited acted as joint lead managers on the IPO, and AFSG Capital Pty Limited and Australia and New Zealand Banking Group Limited acted as financial adviser to Booktopia Group.
This transaction is a testament to Herbert Smith Freehills’ market-leading position, not only in relation to complex equity capital markets transactions but also as an advisor to Australia’s leading retail and e-commerce companies.