Walkers advises on Farfetch $7.6B IPO Walkers is delighted to have acted as Cayman Islands counsel, alongside Latham & Watkins' New York and London offices, on the recent Farfetch New York Stock Exchange IPO. Farfetch, which is valued at more than $7.6 billion, operates a modular end-to-end technology platform that allows people in 190 countries to have access the world’s best luxury fashion brands and boutiques. The Latham & Watkins capital markets team was led by New York partners Marc Jaffe and Ian Schuman, and London partner Joshua Kiernan. Walkers partners Rolf Lindsay and Andrew Barker advised on the Cayman Islands aspects. The transaction also involved a significant pre-IPO reorganisation, in which Walkers assisted the corporate team at Taylor Wessing in London. The use of a Cayman-incorporated company to list a London-headquartered enterprise on the New York and Nasdaq exchange marks a growing trend. The similarity of Cayman corporate law to English law, and the certainty afforded by its sophisticated legal environment, allows businesses based in London to exploit the access to capital and flexible approach to corporate structuring that a listing in New York affords.