Rabobank Group

Rabobank ECM advises on initial public offerings (IPOs) for non-listed companies aiming to list their shares on NYSE Euronext or Alternext by Euronext Amsterdam. In an IPO, new and/or existing shares are offered to institutional and/or retail investors. This is realised by means of an efficient process of valuing, structuring, (pre)marketing, selling and allocating shares to both institutional and retail investors.

Rabobank ECM holds a leading position in executing secondary share offerings. Secondary offerings consist of placing new and/or existing shares with institutional and/or retail investors. ECM handles the whole process from documentation to marketing, selling and allocating the shares. These offerings can have a public or a private placement character.

Rabobank ECM offers the structuring and placing of convertible and exchangeable bonds (equity-linked products). Rabobank ECM cooperates with Daiwa Capital Markets, which is one of the leading banks in the field of equity-linked products in Europe.

Rabobank combines the relevant ECM and M&A expertise to offer its clients the most efficient public offer process. Rabobank ECM is well equipped to advise on process execution, take care of communication with financial authorities, including the Netherlands Authority for the Financial Markets (AFM) and Euronext Amsterdam, and/or to fulfill the role of paying and exchange agent. Rabobank is, as an Admitted Institution of Euronext Amsterdam, able to offer its clients all the expertise needed to facilitate a delisting process.

In a rights issue, Rabobank ECM assists listed companies in placing new shares with existing shareholders pro-rata to their existing holdings. Rabobank ECM takes care of the documentation, marketing, sale and allocation of the shares.

If clients wish to acquire or dispose of large shareholdings in a certain public company, in one or more trades, Rabobank ECM has excellent capabilities and know-how to place these 'blocks of shares' with one or more institutional buyers in the market.

Rabobank ECM assists public companies in acquiring their own shares in the market, for example in connection with a company’s share buy-back scheme, employee stock option plan or repurchase of preference shares. These share repurchases include both blocks of shares through open-market purchases and privately negotiated block trades.

For foreign and domestic companies with their stock listed on foreign stock exchanges, a dual listing on Euronext Amsterdam can be an attractive option to increase liquidity. Rabobank ECM structures the listing process, handles the transaction documentation, communication with Euronext Amsterdam and the marketing of the shares with institutional and retail investors.