Linklaters advised Abraj Energy Services SAOG, Oman’s largest provider of onshore drilling services, on its recent IPO. Linklaters also advised several entities within the OQ group, subsidiaries of the Oman Investment Authority, as selling shareholders in the transaction.
The IPO, Oman’s largest since 2010, is part of the Omani government’s recently announced asset divestment framework, with Abraj being the first asset to be taken public under the framework. The IPO saw strong demand, with the offering price set at the top of the price range and the institutional and retail tranches being more than 21 times and eight times over-subscribed, respectively.
Linklaters’ team was led by partner and global co-head of the Firm’s Equities practice, Jason Manketo, together with managing associate Scott James and associate Lara Townzen.
Linklaters is a world leader in equity capital markets transactions and is the only law firm worldwide to rank in Band 1 of Chambers for Equities in the UK, Europe and globally. For more than two decades, the firm has been at the forefront of advising on many of the world’s largest and most complex equity-linked transactions, including IPOs, private placements, direct listings and secondary and follow-on offerings.
