Cains acts for first Isle of Man company to list in New York
20 Nov, 2013
Eros International, a leading global company in the Indian film entertainment industry has successfully listed its existing shares and launched an initial public offering (IPO) on the New York Stock Exchange. The Isle of Man company was supported by Cains, who acted as Isle of Man legal advisors and corporate administrators. The Cains team included Mike Edwards, Oliver Webster and Stephanie Chew.
Commenting on the announcement, Cains Director Mike Edwards said: “This is a landmark moment as Eros International is the first ever Isle of Man company, and the first ever Indian media company, to be listed on the New York Stock Exchange. The complex matter saw us working closely with Eros to ensure a smooth transfer of its shares from London to New York. We have acted for Eros since 2006, when it listed on the Alternative Investment Market of the London Stock Exchange, and are delighted to have played a role in helping it gain access to the US equity market as it continues to grow on the international stage.”