From start-up to IPO

17 Oct - 19 Oct 2021

Session information

IPOs, SPACs and other exit trends in exits in the technology sector

Tuesday 19 October (1130 - 1230)

Description

The past year has seen major developments in IPOs, exits in general, and, of course, SPACs. Traditional providers of equity alongside buyers are suddenly faced with competition from SPACs. Is this a real threat for them? What does the SPAC offer to selling shareholders and target companies? IPOs are more abundant than ever, but somewhat contradictory, transactions are structured increasingly with a view to decreasing market risk; for example, by eliminating retail offerings where legally possible and by securing significant cornerstone commitments. In certain markets, founders and selling shareholders are permitted to retain long-term control after IPO. Is this here to stay? Does this differ from what we see in the US? If you decide to exit, which of the various available tracks do you choose - or should you not choose at all? What has recently changed from a purely legal perspective? The panel will discuss these and many more topics in an efficient to-the-point manner, with plenty of room for delegates to join in.

Session / Workshop Chair(s)

Marie-Laurence Tibi Cleary Gottlieb Steen & Hamilton LLP, Paris, France
Jan Willem Hoevers De Brauw Blackstone Westbroek, Amsterdam, Netherlands

Speakers

Mariano Colmenar Gotor JP Morgan, London, England
Nicholas Dorsey Cravath, Swaine & Moore LLP, New York, New York, USA
Pere Kirchner Cuatrecasas Goncalves Pereira SLP, Barcelona, Spain