Mon Dec 16 05:50:42 UTC 2024: ## Global Law Firm A&O Shearman Advises on Landmark IPOs in Oman

**Muscat, Oman/London, UK –** A&O Shearman, the newly formed legal giant resulting from the merger of Allen & Overy and Shearman & Sterling, has announced its involvement in two significant Initial Public Offerings (IPOs) on the Muscat Stock Exchange. The firm advised the underwriters on both the OMR188 million (approximately USD488 million) IPO of OQ Base Industries (OQBI), Oman’s sole integrated producer of methanol, ammonia, and LPG, and the USD2.03 billion IPO of OQ’s Exploration and Production business (OQEP).

The OQEP IPO marks the largest ever in Oman’s history and the second largest in the Middle East and North Africa region this year. These deals, along with A&O Shearman’s previous work advising underwriters on the ADNOC Gas and ADNOC L&S IPOs on the Abu Dhabi Securities Exchange, highlight the firm’s significant presence in advising on major energy sector IPOs in the region.

A&O Shearman boasts decades of experience across various sectors, including energy, and leverages a global network of offices and partnerships with leading local law firms. The firm’s team for these Omani IPOs was led by London-based partner Adam Wells.

This string of successful IPO advisement underscores A&O Shearman’s position as a key player in the global legal landscape, particularly within the rapidly evolving energy market.

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