Cuatrecasas excels in handling IPOs on both the Madrid Stock Exchange and BME Growth, and is highly regarded for its expertise in public M&A and corporate governance issues involving listed companies. Its comprehensive equity capital markets practice also includes secondary offerings, capital increases, and admissions to trading. The team is jointly led by José Ramón Berecibar, who specialises in commercial transactions, capital markets offerings, and financing matters, and ECM expert Juan Aguayo, who is recurrently sought after for his expertise in IPOs, public M&A and corporate governance. The latter is a key area of focus for Gerard Correig, who also assists with listings on the stock exchange and BME Growth. Ignacio Escrivá de Romaní primarily concentrates on ECM transactions and commercial matters concerning listed companies. M&A and securities specialist José Luis Rodríguez is another name to note in the team, which also features Pere Kirchner, noted for his experience in securities offerings, IPOs, private equity transactions and M&A.

Noted for being 'technically excellent and always ready to help, both with transactions and with day-to-day consultations on matters related to the securities market', the capital markets practice at Garrigues excels in IPOs, listings on alternative markets, accelerated bookbuild offers, and other equity transactions. The team, which attracts instructions from both financial institutions and major corporates, is led by Àlvaro López-Jorrín, a key contact for advice on the issuance of both equity, fixed-income securities and financial instruments. Notable practitioners include Gonzálo García-Fuertes, a leading authority in the Spanish ECM space with a proven track record in high-profile IPOs and listings, and Leticia Comin, who specialises in public M&A and equity offerings.

At the forefront of the ECM space in Spain, Linklaters continues to act for banks, corporates and sponsors in the largest equity offerings in the country. Recently, the firm played a central role in Puig’s landmark IPO, the largest in Europe in 2024, further cementing its reputation for handling complex and high-profile deals. Its broad service also covers rights issues, accelerated bookbuilt offers, block trades and hybrid issuances, as well as regulatory capital and liability management matters. Offering a wealth of experience across equity deals, securitisations, debt issues and liability management transactions, Jorge Alegre is a key contact for both financial institutions and corporates. English law partner Federico Briano focuses on both debt and equity offerings, while Pablo Medina, noted for his extensive experience in ECM, DCM, M&A, financing and fund-related work, excels in multi-practice transactions. Other prominent figures in the team include Juan María Lamo and Pablo Ruiz de Assin. Iñigo Berricano left the firm in September 2024.

Highlighted for its 'deep theoretical and practical knowledge of the subject', the capital markets team at Uría Menéndez is a key port of call in the Spanish market for major issuers and underwriters engaged in innovative and complex equity transactions, most notably IPOs. The group is also well versed in follow-on equity offerings, rights issues, accelerated bookbuilt offerings, equity-linked instruments, and public M&A. Practice leader Javier Redonet has a wealth of experience in ECM deals, as well as regulatory issues concerning listed companies and corporate governance matters. In addition to his impressive track record in public offerings and IPOs, Gabriel Núñez Fernández is also skilled in takeovers and M&A involving listed companies. Other noteworthy ECM practitioners include Alfonso Ventoso and Enrique Nieto, both of whom excel in delistings, takeover bids and block trades, among other mandates.

A range of issuers and financial institutions regularly turn to Baker McKenzie's 'exceptional team' in Spain for advice on high-end capital markets mandates, including equity transactions. Practice head Fernando Torrente, a seasoned practitioner with over 30 years' experience in ECM, has a strong track record advising corporations and investment banks on IPOs, follow-on offerings, and corporate governance. The practice also benefits from the expertise of Carlos Martín, who is regarded for his skills in capital increases, IPOs, and debt offerings.

Singled out for its 'excellent technical expertise and international reach', Clifford Chance's capital markets team advises both issuers and underwriters across a wide range of equity and equity-linked products. The team has a proven track record in public offerings, rights issues, accelerated bookbuilt offerings, private placements, and convertible bonds, among other mandates. The practice is co-led by Antonio Henríquez, a UK-qualified lawyer who serves as the primary contact for ECM matters while also bringing notable experience in debt issuances. He is supported by Francisco Pizarro, who acts for issuers and placement entities in both domestic and cross-border transactions.

At Gómez-Acebo & Pombo, the capital markets practice is skilled at handling a broad range of domestic and cross-border ECM transactions, with notable strength in the life sciences, industrial and financial services sectors. Its expertise spans IPOs on BME Growth, capital increases, and private placements. The group is jointly led by corporate governance specialist Guillermo Guerra, a key contact for Spanish-listed companies, and Augusto Piñel, who focuses on public M&A and ECM deals. Also part of the core team, Jacobo Palanca stands out for his contributions to corporate governance work, takeover bids, IPOs and M&A transactions.

Led by Teresa Méndez, Pérez-Llorca’s capital markets practice continues to expand its offering, increasingly attracting major issuer instructions in addition to its traditional investor and shareholder client base. Méndez has extensive experience in public M&A, ECM transactions, and corporate governance. On the ECM front, the team is adept in listings on the Spanish Stock Exchange and BME Growth, accelerated book-built offerings and private placements. Key support is provided by Javier Gómez, the firm’s resident partner in New York, who assists with securities offerings and corporate governance.

Ramón y Cajal Abogados boasts 'a highly specialised team in equity capital markets' known for its deep understanding of 'the ins and outs of Spanish companies'. The team frequently advises issuers, including prominent IBEX 35 companies from various sectors, on a range of capital markets transactions such as admissions to trading, capital increases, and acquisitions of listed entities. Lucía García serves as the primary contact for ECM matters, while co-head Carlos Lao focuses mainly on debt offerings, but also brings extensive experience in representing issuers and underwriters in Spanish-listed offerings and IPOs.

A&O Shearman advises both issuers and underwriters on domestic and cross-border equity capital markets offerings across a range of industries. IPOs, follow-on offerings, block trades and equity-linked structures are all key areas of expertise for the team. Bosco de Checa, the primary contact for ECM matters, combines his capital markets work with a strong focus on M&A and takeover bids.