Equity capital markets
Four firms were brought on board to help Greek shipping company Danaos list on the New York Stock Exchange. Danaos, which is based in Piraeus and owns a fleet of container ships, raised $215 million through the initial public offering (IPO). Stephen Farrell of Morgan Lewis & Bockius was the issuer's lead US counsel, with White & Case offering tax advice and specialist shipping firm Watson Farley & Williams advising on matters relating to Marshall Islands and Liberian tax and law. John Gaffney of Cravath Swaine & Moore acted for the underwriters, Citigroup and Merrill Lynch.
Davis Polk & Wardwell and Heller Ehrman were outside counsel as SAIC raised more than $1.1 billion in its flotation on the New York Stock Exchange. SAIC was created in 2005 specifically to act as a vehicle for the IPO of its parent company, Science Applications International Corporation, an employee-owned government...