Equity capital markets

A leading force in capital markets, our corporate team regularly advises on New Zealand's most significant equity capital market transactions.

Bell Gully is New Zealand's leading capital markets law firm, with a proven track record advising on most major IPOs in New Zealand and Australia (for dual-listed clients). We regularly advise clients on a wide range of equity offerings, from early stage capital for start-up businesses to New Zealand's most significant public offerings.

Work highlights

Air New Zealand’s recapitalisation package

Advised Air New Zealand on its 2022 comprehensive NZ$2.2 billion recapitalisation package to help position the airline for recovery from the impacts of COVID-19.  This included a NZ$1.2 billion "traditional" pro rata renounceable rights offer and a revised redeemable share facility from the Crown.


Contact Energy’s NZ$400 million equity raise

Advised Contact Energy on raising NZ$400 million via a NZ$325 million underwritten institutional placement and a NZ$75 million non-underwritten retail offer to provide the financial flexibility to fund the NZ$580 million Tauhara project, due for completion in mid-2023.