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6 May – LAWFUEL – The Law News Network – Allen & Overy advised UBS as …

6 May – LAWFUEL – The Law News Network – Allen & Overy advised UBS as sole global co-ordinator, bookrunner and sponsor to IG Group Holdings plc (“IG”), owner of the UK’s leading spread betting firm, on its £220 million initial public offering. Admission to listing became effective on 4 May.

The offer was made to institutional investors, qualifying IG clients and employees. The offer included a secondary offer of £88 million shares sold by existing shareholders. The ordinary shares were priced at 120p per share, giving IG a market capitalisation of £393 million.

Corporate partner in Allen & Overy’s Equity Capital Markets Group, Mark Dighero, led the team, assisted by associate George Knighton. Partner Daniel Epstein and associate David Boles are advising on US law aspects.

For further information, please contact Jo Shepherd (jo.shepherd@allenovery.com) in London on +44 (0) 20 7330 2915 or on 07771 896 290.

British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.