Herbert Smith Freehills Kramer (HSF Kramer) is proud to have advised Barrenjoey Markets Pty Limited (Barrenjoey) and Morgans Corporate Limited (Morgans) as joint lead managers and underwriters on the initial public offering (IPO) of SkinKandy Limited (SkinKandy).
Founded in Queensland in 2010, SkinKandy is a specialist provider of expert piercing services and related fashion and functional piercing jewellery retailer that has grown to 100 locations across Australia and New Zealand. The company plans to expand its store network across Australia and New Zealand and enter select international markets with the United States, United Kingdom, and South Africa identified as priority markets for future expansion.
Barrenjoey and Morgans acted as joint lead managers and underwriters to the IPO, which raised $160 million at the offer price of $2.20 per share. The company listed on the Australian Securities Exchange (ASX) on 20 May 2026.
The HSF Kramer team was led by partner Philippa Stone, with support from executive counsel Charlotte Cameron, and senior associates Henry Simpson and David Tilley.
Philippa Stone said, “We are delighted to have worked with the teams at Barrenjoey and Morgans on this transaction, and congratulate SkinKandy on its successful IPO and listing.”
SkinKandy was advised by Gilbert + Tobin.
This transaction is the latest example of Herbert Smith Freehills Kramer’s market-leading work in equity capital markets. Other recent examples include advising:
- Merrill Lynch Equities (Australia) Limited and UBS Securities Australia Limited as joint lead managers and underwriters of Megaport’s current A$827 million capital raising
- Light & Wonder on the Australian law aspects of its transition to a sole standard ASX listing
- GemLife on its A$750 million IPO and ASX listing
- J.P. Morgan Securities Australia Limited and UBS Securities Australia Limited as joint lead managers and underwriters of Xero Limited’s ~A$2 billion capital raising
- HOCHTIEF on its cornerstone equity investment as part of Vulcan Energy’s €2.2 billion financing package
- Bank of America, Barrenjoey and Canaccord as joint lead managers on the redomiciliation and IPO of Greatland Resources Limited for a market capitalisation of A$4.9 billion, comprising a A$50 million primary raise and A$440 million selldown by existing shareholders.
- MA Financial Group Limited in relation to the successful A$330m IPO and ASX listing of the MA Credit Income Trust
