Ogier advises on GBP875m secondary fundraisings
Ogier's listed funds team in Guernsey has advised on the successful secondary fundraisings by three of its listed funds clients in as many months.
Successful secondary fundraises have been held by Hipgnosis Songs Fund, Chrysalis Investments and The Schiehallion Fund, raising around GBP875 million between them.
Secondary fundraisings are fresh capital raises by listed companies, often raising money from existing shareholders and giving the opportunity for new investors unable to participate in the initial public offering, or investors who have been unable to gain exposure through the market, to purchase new shares.
Investment funds specialist and partner Craig Cordle says: "It's been a very busy time for Guernsey listed funds over the past few months. It's great to see the continued success of our listed clients and substantial demand from investors. There is a huge amount of talent located in Guernsey in the listed space – coupled with a flexible companies law regime and bespoke regulation – and we are looking forward to an even busier second half of the year."
Guernsey continues to be the home of the most London Stock Exchange listed vehicles outside of the United Kingdom.