find the latest legal job
Monash University Director Workplace Relations
Category: Industrial Relations and Employment Law | Location: All Melbourne VIC
· Exceptional senior leadership role
View details
Personal Injury Lawyer - Melbourne Eastern Suburbs - 2-5 years PAE
Category: Personal Injury Law | Location: Lilydale VIC 3140
· Fulfilling role as part of a small team in a positive workplace
View details
Legal Counsel
Category: Banking and Finance Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· In-house opportunity · Be part of our engine for success in a high growth business
View details
Trainer/Assessor Diploma of Legal Services
Category: Other | Location: Liverpool NSW 2170
· 3 Days Per Week · 9am - 4pm
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Adelaide CBD · Join a leading Adelaide commercial law firm
View details
JWS charged with Energy One IPO

JWS charged with Energy One IPO

JOHNSON WINTER & SLATTERY advised Energy One on its initial public offering, which raised $10 million from 10 million shares.The company listed on 15 January, opening at $1.07 a share,…

JOHNSON WINTER & SLATTERY advised Energy One on its initial public offering, which raised $10 million from 10 million shares.

The company listed on 15 January, opening at $1.07 a share, seven cents above its offer price of $1 a share.

Energy One was one of the first non government-owned electricity retailers when it began operating in 1996. It now has about 8,500 customers, primarily in NSW and Queensland. The company also has licences to offer electricity in the ACT and Victoria.

Fiona Melville, one of the lead partners working on the deal, said one challenge for her team was drafting a prospectus that was clear and simple enough for investors to readily comprehend.

“The energy market is quite a difficult one to understand, particularly the trading side. So with energy companies you do have to explain quite complicated concepts in easy language,” she said.

She added that Energy One had initially approached JWS around September about an IPO and listing, but the “market wasn’t really right at that time”. However, she said they were able to work “very quickly to complete their listing” when the timing was considered to be more commercially acceptable.

As well as Melville, the JWS team included partner Karina Marcar and special counsel Andrew Lind.

Energy One’s IPO closed on 19 December after successfully raising $10 million. Its prospectus was lodged with the Australian Securities and Investments Commission on 20 November last year.

Promoted content
Recommended by Spike Native Network