Finance & Capital Markets · Practice

Equity Capital Markets

IPO, follow-on, and equity-linked transactions — engineered for regulatory certainty and market execution.

Overview

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
Firm Perspective

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.

Capabilities

ECM through every phase.

Every mandate draws on the same integrated bench — corporate, regulatory, tax, and disputes — sequenced by a single partner.
IPO Execution

Full IPO execution: pre-IPO restructuring, prospectus, regulatory approvals, and listing.

Follow-Ons & Rights Issues

Secondary offerings, rights issues, and accelerated bookbuilds for listed issuers.

Equity-Linked

Convertibles, exchangeables, and equity-linked notes with securities and derivatives depth.

Regulatory Approvals

CMA, NSE, and cross-listing approvals sequenced against the transaction timetable.

Continuing Obligations

Listed-issuer compliance, disclosures, and market-abuse advisory.

Underwriter-Side Counsel

Comfort process, due diligence, and underwriter documentation.

How We Work

A disciplined path from concept to close.

  1. 01
    Commercial Alignment

    We start with the commercial map — economics, control, contributions, and outcome — before drafting a single clause.

  2. 02
    Structural Blueprint

    A structuring memo sets out the vehicle, jurisdiction, tax treatment, and regulatory path, benchmarked against comparable matters.

  3. 03
    Documentation

    Bespoke documentation drafted as an integrated instrument set — designed to survive later scrutiny.

  4. 04
    Approvals & Closing

    Regulator engagement, condition-precedent management, and a disciplined closing choreography.

  5. 05
    Stewardship

    Ongoing counsel through the life of the matter — governance, calendaring, and dispute-prevention.

Key Contacts

Partners leading the practice.

Hudheifa Aden
Hudheifa Aden
Managing Partner
Jacktone Nengo
Jacktone Nengo
Partner
Related Practice Areas

Where this work connects.

Insight
IPO readiness: what boards should be doing 18 months out.
Read the briefing
Instruct the Firm

Considering a matter? Speak with the partner who will run it.

Contact the Firm to discuss your transaction, project, dispute or regulatory matter.