June 17, 2021
Latham & Watkins is advising the joint
global coordinators and joint bookrunners, sponsor, and co-lead manager on
Made.com’s initial public offering which has priced at 200 pence per share.
Based on the offer price, Made.com’s market capitalization was approximately
£775 million at the commencement of conditional dealings on the main market for
listed securities of the London Stock Exchange.
The offer comprises of 50.0 million new
shares to be issued by Made.com and 46.9 million existing shares to be sold by
existing shareholders (excluding any over-allotment shares) equating to a total
offer size of £193.8 million. A further 14.5 million shares are being made
available by certain of the selling shareholders pursuant to the over-allotment
option, which, if exercised in full, would increase the number of shares in the
offer to 111.5 million shares in total.
The Latham team is being led by London corporate
partner Chris Horton, with associates Sean Meehan and Nick Fisher. US capital
markets advice was provided by partner James Burnett and associate Yolanda Min;
advice on tax matters was provided by counsel James Leslie and associate Abi