Latham Advises on WE Soda’s Landmark IPO

Latham & Watkins has advised WE Soda, the world’s largest producer of natural soda ash, on its potential initial public offering (IPO) on the London Stock Exchange (LSE). The transaction is the largest IPO on the LSE so far in 2023.

Soda ash is a critical ingredient in glass manufacturing and is also used in many other applications and products which play an important role in facilitating the energy transition and sustainability trends, including solar photovoltaic glass and the production of lithium carbonate used in lithium ion electric vehicle batteries.

The Latham team was led by London corporate partners Francesco Lione and James Inness. Additional advice on UK capital markets matters was provided by London associate Frederick Gardner; and on US capital markets matters by London associates Rosie Wu, Sean Stanton, Tamara Fayad, and Evan Aluyen.