Housing one of the market’s largest capital markets teams, White & Case LLP  is a powerhouse in the field and is retained by leading banks as well as corporations to assist with large strategic transactions including IPOs, share capital increases as well as cash tender offers and the issuances of convertibles and warrants. The highly experienced team is headed by Séverin Robillard and includes Philippe Herbelin, as well as the highly regarded Thomas Le Vert and Max Turner.

Leveraging its top public M&A practice and client base, Bredin Prat’s capital markets team predominantly advises corporate clients on IPOs, share offerings, convertible and bond issues. The team was notably involved in the few high-profile IPOs in  France in 2023 and regularly assists clients with large public M&A deals. Olivier Saba leads the practice. Of note, the firm also has a leading complementary stock-market litigation practice.

Clifford Chance often assists leading banks and financial advisers in ECM transactions and also regularly advises issuers. The Paris team, which combines French and US law capabilities, has been particularly active recently advising on deals concerning the German, French, Dutch and Belgium stock markets and is also experienced in advising on share capital increases via private placement deals. Through US securities expert Alex Bafi, the team also handles innovative Rule 144A IPO transactions. The experienced Aline Cardin and counsel Olivier Plessis are other key team members. Anne Lemercier offers collective employees’ shareholder share plan advice to leading companies.

Gide Loyrette Nouel A.A.R.P.I.  runs a comprehensive practice, capable of handling a range of work including block trades and private placements, as well as IPOs and complex financings. The team also regularly works on convertible transactions and has in-house US expertise. It assists financial advisers and banks as well as issuers, and has a strong presence in the biotech sector. Arnaud Duhamel, US expert Melinda Stege-Arsouze and Guilhem Richard are the key partners, with of counsel Scott Logan also providing US legal support. In addition, the firm also has complementary expertise advising leading French companies on share capital increase reserved for employees through expert Sami Toutounji.

Jones Day combines strong US and French ECM expertise within its Paris office, and has a strong involvement alongside issuers including a number of startups and biotech companies, while also assisting several banks and arrangers. The practice regularly assists clients with share capital increase and IPO transactions and also handles convertible work. On the US front, it assists clients with SEC registration and US private placement needs. The team also stands out for its ability to assist dual-listed French issuers on their US registered Yankee bond programmes. The team is jointly headed by US expert Linda Hesse, Florent Bouyer, and Renaud Bonnet. Charles Gavoty also contributes.

Latham & Watkins often assists private equity investors or their portfolio companies with ECM work, including share capital increase and convertibles work. The team regularly advises on Euronext Paris and Euronext Growth IPOs as well as on squeeze out deals. Practice head Thomas Margenet-Baudry and Roberto Reyes Gaskin, who are both French and US qualified, also regularly advise on US securities matters and on DCM transactions.

Jeantet is recommended for its solid small- to mid-cap transactions expertise that is appreciated by SMEs as well as international investors involved in Euronext Growth IPOs and share capital increase transactions. The team also regularly handles convertible transactions and public M&A and block trading deals. Cyril Deniaud and counsel Benjamin Cohu are the key contacts and Frank Martin Laprade adds complementary litigation expertise.

Linklaters handles ECM, equity linked and US and international capital markets work on behalf of issuers and underwriters. Luis Roth is an expert at advising on securities offerings involving US investors. Of note, Bertrand Sénéchal left the firm early 2024.

Led by Annie Maudouit-Ridde, Winston & Strawn LLP's team handles a large spectrum of deals on behalf on issuers, investors and financial advisers. The team advises on small to larger offerings including block trade sales and shareholder capital increase, and also regularly works on Euronext Growth and Access + IPOs as well as on major IPOs by SPACs.