Advokatfirman Vinge | IPO on Nasdaq Stockholm
Vinge represented a premier photographic equipment company on its IPO on Nasdaq Stockholm.
Vinge engaged 10BE5 to help automate the drafting of the OFR section of the prospectus through the use of its software N2N. Through 10BE5’s assistance, advanced first drafts of the OFR section were delivered in under two hours every time the numbers changed. As the software carried out the required calculations, mechanical mistakes were also minimized.
“It is clear that 10BE5 has a real understanding of the disclosure needs and they immediately got what we needed for the offering. This to me is an important differentiator and I will certainly recommend 10BE5 to colleagues across our offices.”
Christian Lindhé, Partner, Advokatfirman Vinge
“10BE5’s capability of reading the financial statements and swiftly generating the OFR discussion is really invaluable. This is particularly so as the numbers got updated a few times close to the filing deadline in the IPO we were working on.”
Martin Svanberg, Associate, Advokatfirman Vinge
Top 10 Am Law firm | High yield issuance
The high yield team at a top 10 Am Law firm was facing an exceptionally tight deadline to deliver an advanced first draft of the MD&A and summary financials.
We helped them meet that challenge which, we were told, averted an all-nighter.
“On a high yield matter for a first time issuer, we were under an exceptionally tight deadline to deliver a first draft of the offering memorandum, including the fleshed out MD&A and summary financials. Unfortunately, the financials were only available (as is often the case) in PDF. We approached 10BE5 late in the evening and they responded almost instantly. By the time we were awake we had the first draft in our inboxes. 10BE5’s assistance enabled us to get the draft out not only on time, but ahead of time. It would certainly have been an all-nighter otherwise. Needless to say, the client was also very pleased that we were able to deliver on time and appreciated our expediency and efficiency.”
Associate, Top 10 Am Law firm
Cleary Gottlieb Steen & Hamilton LLP | IPO on NYSE
Cleary represented a foreign private issuer in relation to its proposed IPO on the New York Stock Exchange. The timeline was very tight and the team was operating at full capacity. The financial statements for the periods under review were only available in Word/PDF.
N2N converted the financials into a useful Excel format and generated the MD&A drafts in under an hour. This spared the lawyers from significant hours of manual work when they were already completely tied up.
“The feedback from the associates has been overwhelmingly positive. I am pleased to see the great benefits the use of technology is able to bring to the client and our lawyers.”
David I. Gottlieb, Partner, Cleary Gottlieb Steen & Hamilton LLP
“10BE5 helped automate an advanced first draft of the MD&A discussion at a fraction of the time manual drafting would otherwise take. This was so helpful when we were completely stretched. It also freed us up to focus on delivering more complex, quality legal work.”
Sanna Boeris, Associate, Cleary Gottlieb Steen & Hamilton LLP
“What would have been a weekend’s work during a really full-on matter was delivered in under an hour! It’s amazing and I can’t recommend 10BE5 highly enough.”
Julia Kelsoe, Trainee Solicitor, Cleary Gottlieb Steen & Hamilton LLP