STJ has advised on 20 European and Asian IPOs since 2015. IPOs are a “mission critical” process, in a field where management and owners generally lack previous direct experience. Material value and time can be lost if the right decisions are not taken at every step, and having a world-class ECM team on your side of the table will ensure that you get the best deal done.
We rely on an intensive data capture and reporting process, ensuring that the stakeholders have the most complete picture of investor reaction and positioning as the IPO progresses. By ensuring greater transparency, and the broadest investor coverage, STJ dramatically increases the chances of success. STJ-advised IPOs have an unprecedented 100% completion rate, well in excess of the overall 65% market rate and that of other advisors. Our proven data-driven process also ensures more accurate pricing, with a far narrower first day price move (range of 18% across all our offerings vs. 52% for a major advisory competitor).
STJ has been a strong proponent of early investor engagement, which is part of the reason behind our high success rate. We run an exhaustive bank selection process, to ensure you get the best syndicate that will deliver the broadest possible investor coverage, with all banks fully motivated to out-perform.
Broad and effective investor education will both support an IPO and, just as importantly, drive the aftermarket performance once shares are listed and trading (see Follow-on section).
We use our Investor Mapping analysis, investor feedback and behaviour tracking, and “Atlas” database to confirm shares are allocated to the most supportive investor base, proving a stable aftermarket.
“A Picture Perfect Transaction.” Company Executive on the €925m Ziggo Initial Public Offering, International Financing Review EMEA Equity Deal of the Year 2012