find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Redbubble goes public

Redbubble goes public

Brendan Groves, Clayton Utz

An Australian tech company has launched IPO and will list on the ASX with assistance from a national and a global firm.

Firms: Clayton Utz (Morgans Corporate Limited and Canaccord Genuity (Australia) Limited); Allens (Redbubble)

Deal: Redbubble is launching an IPO and will list on the ASX with Morgans and Canaccord Genuity as joint lead managers.

Value: $30 million capital raising from IPO and $267 million market capitalisation on the ASX.

Area: IPO

Key players: The Clayton Utz team is being led by corporate partner Brendan Groves (pictured), with assistance from Warrick Louey and Kate Allison.

The Allens team was led by partner Robert Pick, and included partner Julian Donnan and special counsel Gadi Bloch.

Deal significance: Online creative marketplace Redbubble has launched an IPO and will list on the ASX.

Shares will be offered at $1.33 to raise an initial $30 million to fund Redbubble's growth strategy and provide returns to early-stage investors.

Redbubble is expected to list on the ASX on 17 May with a market capitalisation of $267 million.

Morgans Corporate Limited and Canaccord Genuity (Australia) Limited are the joint lead managers on the deal.

Mr Groves said the Clayton Utz team was excited to be involved in this milestone stage of growth and expansion of another Australian technology company.

“It's another example of an Australian-founded online business that sees the potential to realise global success by seeking outside investors,” he said.


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Redbubble goes public
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
06:04
Young humanitarian lawyer California-bound
A young Australian lawyer will be travelling to the US next year for a prestigious nine-month study ...
Jackie Rhodes
Dec 12 2017
Report sheds light on LGBTQI inclusion in law firms
A recent report has revealed the varying perceptions on LGBTQI diversity and inclusion in the Austra...
Women in business
Dec 12 2017
Annabel Crabb headlines Women in Business Forum
Political journalist Annabel Crabb has appeared at the Coleman Greig Lawyers Women in Business Forum...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...