qinetiq: first full float of a public sector entity since 1997QinetiQ’s upcoming £1bn initial public offering (IPO) has generated major roles for four City advisers as capital markets lawyers gear up for a further revival in the UK market.

The UK defence research agency last week confirmed that it was to press ahead with an IPO, in a move that hands roles to Freshfields Bruckhaus Deringer, Herbert Smith, Clifford Chance (CC) and Simmons & Simmons.