Homburger advises Wanda Group in the IPO of Wanda Sports Group Co Ltd on NASDAQ
On July 26, 2019, Wanda Sports Group Company Limited (Wanda) (NASDAQ: WSG) conducted its initial public offering (IPO) on NASDAQ. 23,800,000 American Depositary Shares (“ADSs“) were placed at a price of USD 8 per ADSs, thereby raising USD 190.4 m in gross proceeds and amounting to a market capitalization of USD 1.09 bn.
Wanda is a leading global sports events, media and marketing platform providing services to numerous events, including the IRONMAN triathlon, the FIFA World Cup and the Winter Olympics.
Homburger advised Wanda Group with respect to the Swiss legal aspects of the IPO. The Homburger team was led by partner Dieter Gericke (Corporate / M&A, Capital Markets) and partner Benjamin Leisinger (Capital Markets).