Herbert Smith Freehills Advises on OzForex IPO

Herbert Smith Freehills is advising Goldman Sachs Australia Pty Ltd and Macquarie Capital (Australia) Limited in relation to their role as joint lead managers of OzForex Group’s initial public offering and listing on the Australian Securities Exchange.

The OzForex Group is an international payments specialist. The Group provides online international payment services for consumer and business clients. It enables clients to make international payments from one bank account to another bank account, in over 50 currencies and more than 900 currency pairs. The Group also provides a range of international payment solutions to partner companies which assist them to offer international payment services to their end-users.

The Herbert Smith Freehills team was led by partner Philippa Stone and Senior Associates Philip Hart and Lucy Hall, assisted by solicitor Charlotte Cameron.

Ms Stone said “The Australian listing of OzForex is an important sign of a recovering IPO market. Herbert Smith Freehills is proud to have acted for the joint lead managers, who are valued clients, on this IPO.”

OzForex Group was advised by Clayton Utz.

Herbert Smith Freehills’ capital markets team has also recently acted for Morgan Stanley and National Australia Bank as joint lead managers and underwriters for Arena REIT’s initial public offering and listing on ASX, Credit Suisse (Australia) Limited and Baillieu Holst Limited as underwriters for iSelect’s initial public offering and listing on ASX and Calibre Group on its $478 million listing on ASX.

Herbert Smith Freehills’ Australian capital markets team has also recently acted for the joint lead managers on Westpac Banking Corporation’s $750 million offer of Subordinated Notes II, for the joint lead managers on Australia and New Zealand Banking Group Limited’s $1.0 billion offer of new Tier 1 hybrid securities, for Commonwealth Bank of Australia on its $2 billion offer of PERLS VI (and concurrent PERLS IV buy-back and Reinvestment Offer) the first Basel III compliant hybrid by an Australian Bank, for Bendigo and Adelaide Bank on its $269 million issue of Convertible Preference Shares and concurrent Reset Preference Share Reinvestment Offer, for the joint lead managers on Macquarie Group Limited’s offer of Macquarie Capital Notes, the joint lead managers on National Australia Bank’s $1.5 billion offer of CPS, Westpac Banking Corporation’s $1.25 billion Capital Notes offer, for the joint lead managers on Westpac Banking Corporation’s $1.5 billion offer of Tier 2 Westpac Subordinated Notes, for the joint lead managers on ANZ’s $1.5 billion offer of ANZ Subordinated Notes, for Colonial on its $1 billion offer of subordinated notes and for the joint lead managers on IAG’s $377 million offer of convertible preference shares.

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