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Firms have high hopes for capital markets

Firms have high hopes for capital markets

Law firms have their fingers crossed for a booming year in company floats and initial public offers to bolster their practices in 2010._x000D_

LAW firms have their fingers crossed for a booming year in company floats and initial public offers to bolster their practices in 2010.


Freehills said this week that it hopes a resurgent stock market and some successful company floats towards the end of last year have set good conditions for growth in equity capital markets.


Corporate partner and co-head of the equity capital markets team, Philippa Stone said: "The successful public floats of retailers Myer and Kathmandu towards the end of 2009 were good signals for equity capital markets in 2010."


"Particularly in the first half of 2009 a lot of the activity was raising funds to sure up balance sheets.


"We would expect there will be more activity this year, particularly IPO activity from private equity investors seeking to realise their investments and existing listed companies seeking to raise funds to invest for future growth."


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