Securing Pre-IPO Liquidity
West Morgan advised a high-growth FinTech unicorn in New York needing to raise $200M pre-IPO to clean up their cap table and attract anchor institutional investors. With market sentiment shaky, standard roadshows were deemed too risky. Our IPO & Public Offering Advisory team crafted a compelling equity story focusing on profitability rather than just growth metrics. We coordinated a private placement via our Hedge Fund & Capital Markets desk, securing commitments from three sovereign wealth funds to anchor the round. This strategic move de-risked the offering, creating momentum that led to an oversubscribed round and a successful IPO launch six months later with a 25% first-day pop.
Challenge
Solution
West Morgan deployed a dual-strategy approach: refining the equity narrative to highlight sustainable profitability and leveraging our global network to secure anchor commitments. We coordinated a private placement round, bringing in three sovereign wealth funds as cornerstone investors. This validation stabilized the valuation and signaled confidence to the broader market. Our team managed the entire process, from term sheet negotiation to regulatory filing, ensuring a seamless transition to the public markets. The result was an oversubscribed offering that allowed the client to list with strength, achieving a 25% share price increase on day one.
