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Initial Public Offerings

From our offices in the United States, Asia, Europe and South America, we advise clients on initial public offerings in markets around the world.

Companies seeking to go public value our deep and substantive knowledge of and familiarity with the IPO process, gained over the course of many transactions. We have advised on more than 275 successful U.S. and global IPOs over the last decade. Our IPO practice maintains a seamless global presence; for example, we have advised on more than 85 IPOs in Hong Kong and London since 2014, as well as multiple U.S. listings by Latin American issuers.

IPOs uniquely require exceptional expertise in many cross-practice disciplines. We guide our clients to a successful public debut with practical experience in navigating not only applicable securities laws and regulations, but also the important tax, executive compensation, corporate governance and business matters that inevitably arise during the IPO process. We also have extensive experience with complex IPOs that employ UP-C and other multiple-tier umbrella partnership structures.

Companies contemplating an IPO also value our experience in helping them seamlessly and successfully manage the burdens of being a public company, including ongoing SEC reporting obligations and corporate governance matters. Fully integrated with our IPO practice, our Public Company Advisory Practice comprises a team of lawyers dedicated to ongoing public company representation who leverage our deep knowledge and keen insight into market developments to provide our clients with timely, targeted and cost-effective advice.

Top IPO Counsel
Ranked top IPO counsel year in and year out for U.S. and global IPOs
representing the issuer or underwriter

Featured IPOs

We have advised on the largest and most complex IPOs in the world, including:

Issuer Event/Listing
BrightSpring* Largest healthcare IPO of 2024, NASDAQ
CAVA* Largest U.S. IPO in restaurant/hospitality sector of 2023, NYSE
LG Energy Solution Largest IPO of 2022, KRX
Roblox (financial advisor counsel) Largest direct listing ever
Bumble* Largest U.S. IPO by a U.S. issuer of 2021, NASDAQ
Airbnb Second largest U.S. IPO of 2020, NYSE
Avantor* Second largest U.S. IPO in 2019 and the largest medical equipment IPO in U.S. history, NYSE
Dropbox Largest venture-backed software IPO of 2018, NASDAQ
Invitation Homes* Third largest U.S. IPO of 2017, NYSE
LINE Corporation Second largest technology IPO of 2016, NYSE, Tokyo Stock Exchange
First Data Corporation* Largest U.S. IPO of 2015, NYSE
Japan Post Largest Global IPO of 2015, Tokyo Stock Exchange
Alibaba Group Holding Limited* Second largest IPO ever, NYSE
Hilton Worldwide* Second largest U.S. IPO of 2013, NYSE
Facebook Largest U.S. IPO of 2012, NASDAQ
HCA Holdings* Largest U.S. IPO of 2011, NYSE
The Blackstone Group* Largest U.S. IPO of 2007, NYSE
MasterCard Incorporated* Largest U.S. IPO of 2006, NYSE
Google Largest technology IPO of 2004, NASDAQ
*Advised the issuer

    News & Events



        Spotlight on
        Initial Public Offerings: Considerations for Business Owners and Executives Taking Their Company Public

        Joshua Ford Bonnie and William Golden co-authored the third edition of the Donnelley Financial Solutions guide titled, “Initial Public Offerings: Considerations for Business Owners and Executives Taking Their Company Public.”

        Click here to download this guide. 

        Spotlight on
        Simpson Thacher Named Capital Markets Group of the Year by Law360
        Spotlight on
        Lexology Getting The Deal Through: Initial Public Offerings 2023