A listing is the beginning of a public company’s capital story, not the end of it. Through established institutional relationships, clients are connected with equity line facilities (ELOC) of up to $750 million in post-listing financing — flexible, cost-effective capital drawn on the company’s timetable.
How an Equity Line Works
An equity line of credit is a committed facility under which an institutional investor agrees to purchase newly issued shares from the company, at market-based pricing, in amounts and at times the company chooses over a multi-year commitment period. Unlike a traditional follow-on offering, there is no fixed raise date, no roadshow, and no obligation to draw: the company controls if, when, and how much.
Why Public Companies Use ELOCs
- Control — draw capital when your share price and news flow favor it; stay out of the market when they don’t
- Speed — once the facility and resale registration are in place, draws settle in days, not months
- Cost-efficiency — modest discounts to market compare favorably with underwritten follow-on economics
- Scalability — facilities are sized to the issuer, from emerging-growth companies to large caps, up to $750 million
- Signal management — incremental draws avoid the overhang of a large announced offering
The Advisory Mandate
- Introduction to institutional equity line providers suited to the issuer’s size and trading profile
- Term sheet negotiation — commitment size, pricing mechanics, draw limits, and conditions
- Coordination of the resale registration statement with U.S. securities counsel
- Exchange compliance review — shareholder approval rules, share issuance caps, and listing standards
- Draw strategy aligned with the company’s disclosure calendar and trading liquidity
Structured for newly listed companies. An ELOC pairs naturally with a direct listing, which raises no primary capital at the opening trade. Together they replicate the capital-raising function of an IPO — on terms the company, not the syndicate, controls.
Facilities are provided by unaffiliated institutional investors and are subject to their diligence, documentation, and market conditions. Nothing on this page is an offer of financing or an offer to sell securities.