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Carbon Revolution secures $90m IPO
BigLaw firm Herbert Smith Freehills has advised Carbon Revolution Limited on a $90 million initial public offering.
Naomi Neilson
Source: facebook.com/pg/CarbonRevolution/photos/?ref=page_internal
Firm: Herbert Smith Freehills (Carbon Revolution Limited)
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.”
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
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