Linklaters Advised Abraj Energy Services on Groundbreaking IPO in Oman

Linklaters Advised Abraj Energy Services on Groundbreaking IPO in Oman

Abraj Energy Services SAOG, Oman’s biggest onshore drilling services provider, received counsel on its recent IPO from Linklaters, along with advisory services to several entities within the OQ group, subsidiaries of the Oman Investment Authority, as they acted as selling shareholders in the transaction.

Abraj Energy Services SAOG's recent IPO is Oman's largest since 2010 and the first asset to be taken public under the Omani government's newly announced asset divestment framework. The IPO received strong demand, with the offering price set at the top of the price range and both the institutional and retail tranches being oversubscribed by more than 21 and eight times, respectively.

Jason Manketo, partner and global co-head of Linklaters' Equities practice, along with managing associate Scott James and associate Lara Townzen, spearheaded the team.

Linklaters is a world leader in equity capital markets transactions and is the only law firm worldwide to rank in Band 1 of Chambers for Equities in the UK, Europe, and globally. For more than two decades, the firm has been at the forefront of advising on many of the world’s largest and most complex equity-linked transactions, including IPOs, private placements, direct listings, and secondary and follow-on offerings.

Linklaters is a top global player in equity capital markets deals and has achieved the remarkable feat of being the only law firm in the world to be ranked in Band 1 of Chambers for Equities across the UK, Europe, and the rest of the world. For over 20 years, the firm has been leading the way in providing advice on a multitude of the most significant and intricate equity-linked transactions worldwide, such as initial public offerings (IPOs), private placements, direct listings, and secondary and follow-on offerings.