Capital Markets
Practice areaDenmark is home to an unusually strong group of internationally leading companies in life sciences, energy, shipping and financial services. Many of them have been built with capital from public investors, and through their pension savings, ordinary Danes are among their owners. A well-functioning capital market is therefore not just a source of funding for individual companies, but a shared asset for society.
Going public changes a company permanently. From the first day of trading, management must continuously assess what the market needs to know, and the board is accountable for treating all shareholders equally. The pressure peaks in public takeovers and other transformative transactions, where foundation or anchor ownership, confidentiality, financing and regulatory approvals must be aligned within fixed deadlines – and where every misstep is public.
We advise issuers, boards, major shareholders, investors and underwriters on IPOs on Nasdaq Copenhagen and Nasdaq First North Growth Market, accelerated bookbuilds, rights issues and other equity offerings, bond and hybrid capital issues, public takeovers, mergers and delistings. We also act as Danish counsel on international transactions, including US listings of Danish companies, and advise listed companies on disclosure, inside information under MAR and corporate governance.
Few capital markets transactions are about capital markets law alone. A dual-track process combines an IPO with a sale, and a takeover may involve financing, merger control, foreign investment screening, tax and employee matters. We work closely with colleagues across Plesner and with leading international law firms, so that structure, timetable and market communication fit together from the outset.