Equity - Initial Public Offerings (“IPO”)
An IPO enables issuers to raise new equity capital, provide liquidity and market valuation to its shareholders and increase its profile vis-à-vis all of its stakeholders.
This major event in a company’s life requires skilled and experienced professionals to work alongside the issuer towards a successful listing of its shares on the stock market.
We have an excellent track record in executing IPOs in EMEA with more than 30 IPOs successfully executed in the last five years.
Equity capital raisings through rights issues or accelerated bookbuilt offerings
Whether to fund an acquisition or to strengthen the balance sheet, a capital increase is a highly important and sensitive step for a public listed company.
Our equity market insight and our ability to work seamlessly with other product teams (notably financing, derivatives) enables us to design a bespoke structure on the most optimal terms.
BNP Paribas’ strong balance sheet and underwriting capacity provide backing for these transactions and the necessary risk protection.
Equity - Disposal of stakes via accelerated bookbuilt offerings
ECM team also works closely with corporates’ major stakeholders to help them manage their listed equity portfolios, through straight market disposals or more structured solutions (including via equity derivative solutions).
Privileged access to key institutional investors, strong trading market shares, structuring expertise and solid market judgment are the factors underpinning our ability to advise governments, private equity holders, family
shareholders and company founders in managing their listed stakes.
Equity-linked products are debt instruments (bonds) that can be converted into the company’s equity at the discretion of bondholders. In exchange for an equity conversion option, holders accept a lower coupon than for a straight bond.
With more than 100 transactions led since 2009, we have established ourselves as the undisputed EMEA leader in the equity-linked market over the years.
We cover the full spectrum of equity-linked instruments, including convertible bonds, bonds with warrants, exchangeable bonds and mandatorily convertible securities.
We assist our clients in the preparation and execution of equity-linked transactions and focus on providing differentiated advice and added value at each and every step of the process (structuring, pricing, accounting and credit rating treatment, documentation, distribution, stock price decline mitigation and after-market support).
Equity Derivatives solutions
A dedicated team specialised in strategic equity aims to provide its clients with tailor-made equity derivative based solutions.
It leverages the internationally recognised expertise and leading positioning of BNP Paribas in the Equity Derivatives industry, its extensive trading capacities and strong valueadded innovation capabilities. The team includes profiles and backgrounds that blend advisory, trading, structuring, legal, tax and accounting expertise.
Strategic Equity covers a wide range of balance sheet issues. The team assists its clients in the management of their listed shareholdings (stakes building, hedging or disposal strategies) and their equity linked products (hedging or restructuring). It proposes equity financing solutions, dilution hedging strategies and also innovative investment opportunities. Lastly, it aims to define and implement customised compensation & benefits tools for employees and managers of publicly listed companies.