McGuireWoods advised ThinkEquity, as representative of several underwriters, in an initial public stock offering by LMP Automotive Holdings Inc. The transaction closed Dec. 9, 2019. LMP operates an e-commerce site where users can buy, sell and rent new and used automobiles. As of the close of trading on Dec. 10, the stock is up 278 percent from the initial public offering price.
ThinkEquity, a division of Fordham Financial Management Inc., is a New York-based boutique investment bank that has financed more than $50 billion of public and private capital raises, restructurings, and mergers and acquisitions.
The McGuireWoods deal team — led by partners Stephen Older and Rakesh Gopalan and counsel David Wolpa — included partner Anitra Cassas and associate Kendall Manning. All are members of the firm’s Securities & Capital Markets Department. Senior counsel Paul Navarro and associate Robert Wynne also assisted in the transaction.
“This deal demonstrates our deep experience in underwriter-side securities offerings, including IPOs,” Older said. “This transaction was the result of outstanding cross-practice teamwork by lawyers in multiple offices, demonstrating the capabilities McGuireWoods deploys for clients in complex corporate transactions.”
McGuireWoods consistently ranks among the leading law firms for advising corporate issuers and underwriters in U.S. capital markets transactions and has earned global recognition for advising clients in corporate and securities matters.