Risk factor disclosure in 2019 IPOs [Archived]
Published by a LexisNexis Corporate expert
Practice notesRisk factor disclosure in 2019 IPOs [Archived]
Published by a LexisNexis Corporate expert
Practice notesARCHIVED: Lexis+® UK Corporate conducted research to examine current market trends in respect of Equity capital markets (ECM) transactions in 2019.
Background and approach
For this review of risk factor disclosure, we looked at 38 Prospectuses in relation to 2019 Main Market IPOs or new admissions and ten AIM admission documents published in 2019. It forms part of our annual trend report which aims to provide insight into the current dynamics of ECM Activity in the UK. The other parts of our 2019 trend report comprise:
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IPOs in 2019—Main Market and AIM [Archived]
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Secondary Offers in 2019—Main Market and AIM [Archived]
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Standard listings in 2019 [Archived]
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Legal and regulatory developments in Equity Capital Markets 2019 [Archived]
Prospectus Regulation risk factor disclosure requirements
The Prospectus Regulation (EU) 2017/1129 introduced more prescriptive requirements relating to risk factor disclosure in prospectuses from 21 July 2019. The primary purpose of the new requirements is to ensure that investors can assess all relevant risks and make an informed decision about investing in the issuer’s securities.
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