Carbon Revolution Limited’s A$90.1 Million Initial Public Offering


Herbert Smith Freehills has advised Carbon Revolution Limited on its A$90.1 million initial public offering.

Carbon Revolution commenced trading on the Australian Securities Exchange on 29 November 2019, under the ticker ‘CBR’. The IPO was oversubscribed and CBR shares closed 33% up on the first day of trading.

Bell Potter and Evans Dixon acted as joint lead managers on the IPO.

Carbon Revolution is an Australian manufacturer of lightweight carbon-fibre wheels. Its wheels are currently available on luxury and high-performance vehicles manufactured by Ford Motor Company, Ferrari S.p.A, and Groupe Renault.

The Herbert Smith Freehills team was led by partner Michael Ziegelaar (Picture) and senior associate Alex Mackinnon, who were supported by solicitors Jessica Voong, Sian Lacy, Ling Zhu, and Sam Tansley.

Involved fees earner: Sian Lacy – Herbert Smith Freehills; Alex MacKinnon – Herbert Smith Freehills; Sam Tansley – Herbert Smith Freehills; Jessica Voong – Herbert Smith Freehills; Ling Zhu – Herbert Smith Freehills; Michael Ziegelaar – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: Carbon Revolution;

Author: Michael Patrini