IPOs and listings – Michael advises growing companies, underwriting banks, shareholders and investors on IPOs and listings of companies on the London Stock Exchange and other international stock exchanges.

Recent experience includes advising on the IPOs of CAB Payments and Ithaca Energy – among the largest to complete in the UK in 2023 and 2022 respectively. He has also advised on IPOs for DWF Group, Quilter, China Yangtze Power, Sensyne Health, McCarthy & Stone, Equiniti, Circassia Pharmaceuticals, Softcat, Kuwait Energy, Ophir Energy, Hibernia REIT, Spire Healthcare, Poundland and more.

Secondary offers and follow-ons – Michael also advises listed companies, underwriting banks and selling shareholders across the globe on rights issues, open offers, placings, block trades and other strategic equity-related and corporate finance transactions. This includes capital raisings, public M&A, demergers and spin offs, redomiciliations and reorganisations.

Recent examples include advising GPE on its £350m rights issue, as well as a leisure, travel and tourism company on four significant capital raisings including its recent EUR1.8bn rights issue – the largest in London since 2020.

He has also advised on capital raisings for companies including TP ICAP, Ocado, Hiscox, Marks & Spencer, Sirius Minerals, Energias de Portugal (EDP), Cobham and Equiniti, as well as on accelerated block trades.

Corporate governance – Michael acts as adviser to listed and private companies on a multitude of corporate governance matters, such as compliance with listing rules and other securities laws, directors’ duties, board effectiveness, internal procedures and controls, corporate reporting and investor engagement.

Growth capital – As an involved member of A&O Shearman’s growth capital and EC/VC group, Michael advises private companies on capital raisings from Series B onwards, in addition to supporting those companies to IPO and beyond.