Norton Rose, Clifford Chance (CC) and Ashurst have landed key roles on the first major domestic initial public offering (IPO) of 2013, as UK housebuilder Crest Nicholson returns to the stock market. The IPO values Crest at around £553m, with the offer comprising a primary tranche raising £59m for the company and a secondary offering raising £169m through the sale by shareholders including Deutsche Bank and investment manager Varde.
February 14, 2013 at 06:57 AM
1 minute read
The original version of this story was published on Legalweek
Norton Rose, Clifford Chance (CC) and Ashurst have landed key roles on the first major domestic initial public offering (IPO) of 2013, as UK housebuilder Crest Nicholson returns to the stock market.
The IPO values Crest at around £553m, with the offer comprising a primary tranche raising £59m for the company and a secondary offering raising £169m through the sale by shareholders including Deutsche Bank and investment manager Varde.
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