Essential guide to going public in Spain

There are a variety of reasons why a company might decide to trade on the capital markets. It is a key way to obtain financing, permit divestment and obtain liquidity and dispersed ownership for shareholders. However, when the time comes to take the plunge, there are many factors to be taken into account. With this in mind, Garrigues’ Securities Markets practice area has prepared a downloadable guide to help any companies and shareholders looking to go public in Spain.

Published in bilingual format (Spanish and English), the guide details and explains the essential aspects of the process of going public, from the parties involved and the roles they play, through the eligibility and disclosure requirements and the necessary steps to be taken, up to the advertising of the transaction. It also includes an introduction to the status of the new listed company, in accordance with the applicable law and considerations (Securities Market Law, RD 1310/2005 and Corporate Enterprises Law).

Garrigues’ Securities Markets practice, singled out as a market leader in the Capital Markets practice by such prestigious legal directories as IFLR 1000, Chambers & Partners and Legal 500, provides support to companies intending to go public at all stages and on all aspects of the process: decision-making, legal implications and the implementation of corporate governance. It also advises the financial institutions acting as issue managers and global coordinators, and companies trading on the Latibex market (Latin American securities market) and Spain’s Alternative Stock Exchange (MAB).

 Garrigues Corporate/Commercial Department