The key areas for BonelliErede's equity capital markets (ECM) team are IPOs and capital increases, public tender offers and stake-building processes, related-party transactions, remuneration plans, and day-to-day assistance for listed companies. The principal figures are Vittoria Giustiniani, whose practice includes assisting public and private companies with access to capital markets through IPOs and capital increases; and financial markets and privatisation specialist Barbara Napolitano. Other ECM advisers are Alessandra Piersimoni, Silvia Romanelli, Gianfranco Veneziano and Federico Vermicelli, along with managing associate Federica Munno and senior counsel Elisabetta Bellini.

Chiomenti fields specialists with longstanding experience in IPOs, rights issues, tender and exchange offers, capital increases and rights issues, public offerings of convertible and other equity-linked securities, and private placements. Manfredi Vianini Tolomei leads the listed companies, corporate governance and capital markets department, while Federico Amoroso is a financial markets specialist. Among the second line of advisers are managing counsel and transactions expert Giovanni Filippo Pezzulo, and senior associate Maria Carmela Falcone, who acts on capital markets deals. Former partner Enrico Giordano became of counsel in 2020.

Showcasing a large on-the-ground US, English and Italian team, White & Case LLP Italy‘s practice consistently works on the market’s most complex and largest ECM transactions. The team covers the full range of ECM instruments, such as IPOs, rights issues, secondary offerings, accelerated book Buildings (ABBs), private investments in public equity (PIPEs), and equity-linked products (including exchangeable and convertible bonds). The principal ECM partners are Ferigo Foscari, London and Milan-based Michael Immordino, and Piero de Mattia. Robert Becker (a US-qualified lawyer) and Alessandro Picchi are the associates to note.

A go-to practice in the Italian ECM space for over 25 years, Clifford Chance's team is active across all aspects of equity transactions. The group covers the whole gamut of ECM work, including IPOs, privatisations, rights issues, block trades, and exchangeable and convertible bonds. ECM specialist Filippo Emanuele co-heads the finance and capital markets practice, which includes  Stefano Parrocchetti Piantanida at counsel level, whose transactional expertise includes capital strengthening operations and IPOs, and US law specialist Laura Scaglioni. Former partner Alberta Figari recently left the firm for Legance - Avvocati Associati.

Gatti Pavesi Bianchi Ludovici consistently advises on Italian takeover bids, IPOs, listings and securities placement transactions. The practice fields several experienced partners, including Anton Carlo Frau, who handles acquisitions, mergers, joint ventures, public offerings and IPOs; Rossella Pappagallo, who is experienced in the regulation of listed issuers; and Stefano Valerio, who has significant special purpose acquisition company (SPAC) sector know-how. Also integral to the practice is Vanessa Sobrero, who assists with capital increases and bond issues, while the ECM associates to note are senior Maximiliano Papini and Carlotta Corba Colombo.

Gianni & Origoni's group routinely advises issuers, selling shareholders and underwriters involved in initial and secondary public offerings of equity securities, as well as rights issues and listing procedures on Italy's stock exchanges. The key practitioners are widely respected ECM expert Antonio Segni; Paolo Bordi, a specialist in financial markets, corporate finance and ECM matters; Andrea Marani, who advises domestic and international clients on capital markets deals, IPOs and secondary offerings; financial markets expert Alessandro Merenda; and Mariasole Conticelli, who is experienced in IPOs. Andrea Bazuro is the key associate.

With knowledge of both Italian and US law, Latham & Watkins LLP's capital markets team routinely advises on high-profile transactions. The Italian practice is led by Antonio Coletti, who has extensive experience advising private and public companies and private equity funds (as well as underwriters, placing agents and initial purchasers) on a variety of securities and corporate deals; the US group includes capital markets and corporate finance specialist Ryan Benedict, who works across the Milan and London offices. The broad practice of counsel Isabella Porchia also includes ECM work.

In April 2021, Legance - Avvocati Associati boosted its practice through the hire of ECM partner Alberta Figari from Clifford Chance. The team advises on IPOs, listings, accelerated bookbuildings and private placements; and fields experts in secondary market offerings, rights offerings, public tender offers, employee stock offerings and stock option plans. Giorgio Vanzanelli is well-regarded for IPO and other equity issue matters; and the second line of key advisers are senior counsel Marzio Ciani, who has longstanding experience in assisting underwriters and issuers, and Stefano Bandini, who was recently made counsel.

ADVANT Nctm's ECM group routinely assists issuers, selling shareholders and intermediaries with IPOs, private placements and listing procedures on Italian stock exchanges. Lukas Plattner advises on IPOs, bond issuances, listings on the main market of Borsa Italiana and multilateral trading facilities, accelerated book building, warrant issuances and capital increases; while Alessandra Stabilini regularly assists with tender offers and rights issues. Andrea Iovieno is another ECM specialist to note.

Particularly focused on cross-border transactions, DLA Piper's Italian ECM practice fields experts across a range of equity and transaction scenarios. The group is sought out by financial institutions and issuers for IPOs, rights issues, tender offers, secondary offerings, and convertible, equity-linked and hybrid instruments. The team also provides regulatory advice to listed companies and intermediaries, including assistance with market abuse regulations. Francesco Maria Aleandri has extensive ECM sector experience.

Dentons' Italy capital markets group regularly advises listed and non-listed companies on private placements, IPOs, takeover bids, and admission to trading of financial instruments on regulated markets and multilateral trading facilities. The team also assists on interactions with the relevant authorities. Experienced ECM partner Antonella Brambilla heads up the group.

Gattai, Minoli, Partners' capital markets coverage ranges from the issuance of plain vanilla products to the structuring of complex multi-jurisdictional transactions. Advising both major corporations and investments funds, Nicola Brunetti focuses on ECM work, including IPOs, takeovers of public companies, rights issues and SPAC listings, public M&A, and public-to-private transactions.

With substantial securities offerings of all kinds, Giovannelli e Associati Studio Legale regularly advises corporate issuers and underwriters on international and domestic ECM transactions, including regulatory matters. Andrea Bartolucci routinely acts on first-time listings and IPOs, rights issues and private placements. Additional support is provided by experienced partner Fabrizio Scaparro.