Carey Olsen has advised WANdisco, a leading provider of global collaboration software to the software development industry, on its recent listing on the London Stock Exchange’s AIM.

The group’s technology is used by more than 200 customers globally, a number of which are in the US Fortune 100. The offering of the software company, which is headquartered in Sheffield and has operations in Silicon Valley, was significantly oversubscribed raising approximately £15million gross for the group and valuing it at £37million.

Part of the proceeds from the listing are to be used to finance future growth which will include further product development and pursuing market opportunities in the Far East.

Corporate partner Mike Jeffrey led the Carey Olsen team that advised on the Jersey aspects of the listing. Mr Jeffrey was assisted by James Willmott, senior associate, and Katherine Alexander, associate. DLA Piper’s Sheffield office were principal legal advisers to WANdisco on the flotation.

Mr Jeffrey said: “We are pleased to have been involved in yet another successful flotation. This one was particularly noteworthy due to the rare nature of UK software company flotations and, in spite of the current market conditions, the group’s shares were three times over-subscribed.”

Carey Olsen has significant initial public offering (IPO) experience both on AIM and main marketing listings, as well as other international markets.

The Morningstar Rankings Guide, Q2 2012 report ranks Carey Olsen as the leading offshore law firm for the total number of London Stock Exchange and AIM clients it advises. Carey Olsen is also one of the top two UK legal advisers for AIM clients, according to the Q3 2012 Morningstar Rankings Guide, AIM Edition. It is the only offshore law firm to be ranked alongside UK legal advisers in the top five by Morningstar.