Equity Capital Markets
IPO, follow-on, and equity-linked transactions — engineered for regulatory certainty and market execution.
From IPO readiness to listed-issuer life.
We advise issuers, sponsors, and underwriters on IPOs, follow-on offerings, rights issues, and equity-linked transactions across regional exchanges.
Our practice pairs securities regulation and listing rules expertise with pre-IPO structuring and ongoing listed-issuer counsel — one integrated relationship for the full lifecycle.
- IPO and listing execution
- Follow-ons and rights issues
- Equity-linked instruments
- Continuing obligations advisory
How we approach this practice.
The Firm advises issuers, sponsors, and intermediaries on capital markets transactions in Kenya and the region — initial public offerings, rights issues, secondary offerings, and other equity issuances.
We also advise listed companies on ongoing disclosure obligations, corporate governance requirements, and compliance with Capital Markets Authority regulations and securities exchange rules — including prospectus preparation, regulatory approvals, and regulator engagement.
ECM through every phase.
Full IPO execution: pre-IPO restructuring, prospectus, regulatory approvals, and listing.
Secondary offerings, rights issues, and accelerated bookbuilds for listed issuers.
Convertibles, exchangeables, and equity-linked notes with securities and derivatives depth.
CMA, NSE, and cross-listing approvals sequenced against the transaction timetable.
Listed-issuer compliance, disclosures, and market-abuse advisory.
Comfort process, due diligence, and underwriter documentation.
A disciplined path from concept to close.
- 01Commercial Alignment
We start with the commercial map — economics, control, contributions, and outcome — before drafting a single clause.
- 02Structural Blueprint
A structuring memo sets out the vehicle, jurisdiction, tax treatment, and regulatory path, benchmarked against comparable matters.
- 03Documentation
Bespoke documentation drafted as an integrated instrument set — designed to survive later scrutiny.
- 04Approvals & Closing
Regulator engagement, condition-precedent management, and a disciplined closing choreography.
- 05Stewardship
Ongoing counsel through the life of the matter — governance, calendaring, and dispute-prevention.
Selected ECM mandates.
A partial view of the mandates we have advised on — sanitised for confidentiality, but indicative of the scale and complexity of our work.
- 01
Acted for the issuer on a landmark technology sector IPO on the NSE.
- 02
Advised the underwriters on a KES 8bn rights issue for a listed financial institution.
- 03
Counselled a listed group on a dual-listing on a second regional exchange.
- 04
Represented an issuer on a convertible bond issuance with equity-linked features.
Partners leading the practice.
Where this work connects.
Considering a matter? Speak with the partner who will run it.
A confidential, no-obligation conversation with a partner — usually within one business day.