Carbon Revolution secures $90m IPO

By Naomi Neilson|09 December 2019

BigLaw firm Herbert Smith Freehills has advised Carbon Revolution Limited on a $90 million initial public offering.

Firm: Herbert Smith Freehills (Carbon Revolution Limited)

Deal: Herbert Smith Freehills (HSF) has advised Carbon Revolution Limited on its $90.1 million initial public offering.

Value: $90.1 million.

Area: IPO.

Key players: The team was led by partner Michael Ziegelaar and senior associate Alex Mackinnon. They were supported by solicitors Jessica Voong, Sian Lacy, Ling Zhu, and Sam Tansley.

Deal significance: Carbon Revolution commenced trading on the Australian Securities Exchange on 29 November 2019, under the ticker “CBR”. The IPO was oversubscribed and CBR shares closed 33 per cent up on the first day of trading.

Mr Ziegelaar said: “We congratulate Carbon Revolution on its successful IPO. Its success highlights that there is a strong appetite in the market to invest in good businesses with strong growth potential and track record.”

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Carbon Revolution secures $90m IPO
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