Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Australian company secures IPO in US

One firm has advised Australian biotechnology company Benitec on their first IPO in the United States.

user iconLara Bullock 03 September 2015 Big Law
Andrew Reilly Baker & McKenzie
expand image

Firm: Baker & McKenzie (Benitec Biopharma Limited)

Deal: Benitec Biopharma Limited launched an IPO in the Unites States with a listing on the Nasdaq.

Value: US$13.8 million

Area: Banking and finance

Key Players: Sydney-based US corporate partner Andrew Reilly led the transaction with support of Kate Renaud, Guy Sanderson, Amrit MacIntrye and Serena Chow in Australia, and Marc Paul, Guy Birkenmeier, Nathaniel Douglas, Elizabeth Graffeo and Robert Grauman in the United States.

Deal Significance: Baker & McKenzie has advised Australian biotechnology company Benitec Biopharma Limited (ASX: BLT) on its US$13.8 million IPO in the United States with a listing on the Nasdaq (Nasdaq: BNTC).

Benitec is commercialising a CSIRO-developed and patented gene silencing technology called DNA directed RNA interference (ddRNAi). ddRNAi has the potential to cure a wide range of life-threatening human conditions and Benitec is developing treatments for hepatitis C and B, drug-resistant lung cancer and wet age-related macular degeneration.

Leading partner Mr Reilly said: “This transaction represents only the third IPO by an Australian company in the United States with a listing on Nasdaq in the past 20 years. We were able to provide the necessary US and Australian law advice to our client to complete the IPO in an effective and seamless manner.”

Like this story? Subscribe to our free newsletter and receive Lawyers Weekly every day straight to your inbox.

 

 

Tags
Comments (0)
    Avatar
    Attach images by dragging & dropping or by selecting them.
    The maximum file size for uploads is MB. Only files are allowed.
     
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
    Posting as
    You need to be a member to post comments. Become a member for free today!