IPOs and equity capital markets 

With over 40 years of experience in the capital markets supporting leading Italian groups, Caretti & Associati has developed the skills required to assist medium and large companies (and its shareholders) seeking a listing either on domestic or international stock markets with the following targets in mind:

  1. Pursuit of growth strategies
  2. Optimization of corporate and business governance models
  3. Realisation of the investment and shareholders’ wealth diversification

In this context, we support our customers through the entire process and offer our advice on the corporate finance needs that may arise post-listing, such as capital increases, mergers/combinations with other listed and unlisted companies and public tender offers.

By operating as advisors only to the issuer and its shareholders, we ensure an independent and conflict- free approach while preserving utmost confidentiality and discretion.

Our activities in an IPO process usually include:

  1. Review and analysis of strategic option, feasibility study and preliminary structuring of the transaction
  2. Preparation and update of information package
  3. Selection and coordination of the internal project and due diligence team
  4. Selection and co-ordination of the external project team (global coordinators, legal advisors, other professionals)
  5. Co-ordination of due diligence and assistance in the preparation of the listing documentation (offering circular, QMAT, business plan, etc.)
  6. Assistance in structuring incentive plans for the management team
  7. Assistance in all the steps up to the listing such as:
    a. definition of placement strategy
    b. assessment of pricing
    c. negotiation of underwriting agreements
    d. pre-marketing activities and road-show

Examples of transactions