ARTICLE
25 October 2016

IPOs: AFME Guidance

SS
Shearman & Sterling LLP

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On 4 July 2016, the Association for Financial Markets in Europe ("AFME") published guidance on research meetings and material prior to the award of a capital markets mandate.
European Union Corporate/Commercial Law

On 4 July 2016, the Association for Financial Markets in Europe ("AFME") published guidance on research meetings and material prior to the award of a capital markets mandate. AFME provided commentary on how meetings should be conducted and structured so as to avoid the view that research analysts were not objective. AFME also described certain topics as inappropriate for such research meetings, such as asking research analysts' specific views on a potential IPO.

AFME's guidance can be accessed here:

http://www.afme.eu/WorkArea/DownloadAsset.aspx?id=14288

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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