Firm Handles 6th Largest NYSE-Listed IPO; Largest US Closed-End Fund Offering
01.30.07
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The Firm is representing Wachovia Capital Markets, LLC, Citigroup Global Markets Inc. and A.G. Edwards & Sons, Inc., as co-leads of an underwriting syndicate, in the initial public offering of Alpine Total Dynamic Dividend Fund (NYSE: AOD), a closed-end fund that will pursue a dividend capture strategy. The offering raised $3.52 billion ($4.04 billion, assuming full exercise of the underwriters’ overallotment option). This deal marks the 6th largest NYSE-listed IPO and the largest closed-end fund offering in U.S. history.
The Simpson Thacher team working on the transaction includes: Sarah Cogan, Laura Wolff and Heloisa Griggs (Capital Markets/Public Funds), Charlie Rappaport and Sean Austin (Tax) and Mark Lab (Blue Sky).