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Hello, We started a Joint Stock Company... However, we need help in issuing a Private Stock Offering where certain number of people are asked to buy stock. Banks refused saying that they don't support private offering and they only support IPOs... therefore, my questions are the following: 1- do we have in Lebanon (or in the Arab world) companies that help SME's in private stock offering (issuing the shares, selling the shares, etc...)? (not consultancy only) 2- do you know a certain company? thank you for your help... |
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To answer your question: 1- A private stock offering is possible in Lebanon and many companies have already practiced it as a mean to increase capital without being subject to the heavy regulations of the Beirut Stock Exchange. 2- You don't need a company or a consultancy firm to execute the offering however you will need a corporate law firm with a reputable legal background in this field to assist you (coordination with banks, financial institution and Midclear). Also keep in mind that many lawyers avoid handling such transactions due to their lack of legal expertise. If you are still willing to proceed with it I can provide you with a list of expert law firms. Good luck. M.A |
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I understand your dilemna. But as someone has already mentioned before, you don't really need a bank. It is true that banks make things easier especially in a country like lebanon because there are no other apparent platforms to do what you want. But, I have seen other lebanese firms succeed in issuing shares and even promissory notes through private marketing techniques. You could try that and you'll eventually get somewhere. You're just focusing too hard on the "banking platform" which is apparently not being crowned with success so far. Try the other route. |
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I hope till this time your might have resolved and if not then you can try some consultant for this. You can go for a person who can act as a consultant and middle man between you and the bank. It is always easy job if bank is involved in it. It automatically gives the company even in the eyes of others too. It also even helps afterwards if everything goes well and want to go for an IPO. Such background plays a vital role in company’s reputation at such times. I hope to read the updates from you. |
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From what I've read about the Corporate Governance structure in Lebanon, you wont be able to do what you want to do. You should look into building an investment package, we recently did it we a small company (nono 8800) and had promising results. |
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I do not feel there is any one particular entity that might truly assist you to here, but I might deliver BADER an electronic mail. They wanna aid entrepreneurs, and so they coffee makers have use of a complete bunch of lawyers who may be capable to help. Otherwise, I know a number of attorneys who may be capable to assist. Allow me to know in the event you need data on both and each of the very best! |
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If you are still willing to proceed with it we can provide you with a list of expert law firms. www.taxadvisoramerica.com |
