King & Wood Mallesons acts on Dalrymple Bay Infrastructure’s $656 million IPO

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King & Wood Mallesons (KWM) has acted on Dalrymple Bay Infrastructure's $656 million initial public offering (IPO), which is the second largest IPO to date this year. 

The KWM team, consisting of partner David Friedlander, special counsel Amanda Isouard and solicitor Gemma McMahon, advised the joint lead managers.

David Friedlander said "It has been great to work with the joint lead managers in relation to the Dalrymple Bay Infrastructure IPO.  2020 has been a record year for capital raisings and the IPO pipeline is looking good for 2021."

Amanda Isouard added "KWM has appreciated the opportunity to work with many of its clients on both primary and secondary capital raisings during this extraordinary year.  KWM has advised on deals in the small-cap, mid-cap and large-cap space during this time."

KWM also recently advised the joint lead managers on Adore Beauty Group's approximately $270 million IPO and the issuers on Harmoney Corp Limited's $92.5 million IPO and Payright's IPO

Earlier this month, KWM also advised the issuers on Abacus Property Group's $400 million entitlement offer, Charter Hall Long WALE REIT's $250 million institutional placement and Ampol's $500 million subordinated debt issuance.

The cumulative total of secondary capital raising funds raised under the firm's guidance since 22 March 2020 is ~$20.6 billion, being approximately half of all secondary capital raisings during that time by deal value. 

This large market share continues KWM's ongoing success in the ECM space.  The KWM ECM team has worked on both of the largest placements and the largest ever entitlement offer in Australian corporate history.  KWM has also advised on a significant number of the $1 billion-plus primary and secondary capital raisings in Australian corporate history.