This edition of the Bermuda Public Companies Update summarises
significant transactions involving Bermuda public companies in the
second half of 2019. Conyers is consistently recognised as the
leading Bermuda law firm advising Bermuda public company issuers
and underwriters. 2019 was another busy year for Conyers in this
space as we were fortunate to be instructed on more mandates
involving Bermuda public companies than any other firm.
Global market update

Geopolitical factors including US-China trade tension, Brexit
and Hong Kong unrest impacted markets worldwide in 2019: global IPO
activity fell by 20% and the total value of capital raised fell by
8%. However, while the number of domestic US IPOs also dropped by
20%, the total US IPO value increased 31% over 2018 due to some
landmark deals such as Uber, Avantor and Lyft.1