Haynes Boone represented Rift Helium Plc on its £8.1 million initial public offering on the AIM, the market operated by London Stock Exchange, positioning the company to advance development of its helium project in southwest Tanzania. The IPO provides Rift Helium with funding to enter its next phase of exploration and development in the Rukwa Basin, a region increasingly recognized for its helium potential.
The Company's strategy is to advance a primary helium opportunity in a proven basin, targeting commercial helium accumulations within a non-hydrocarbon associated system in Tanzania’s Great Rift Valley. The Haynes Boone deal team supporting Rift Helium’s IPO was led by Partners Nick Davis and Robert Bines-Black, alongside Associates Ravina Mahajan, Iman Gadit, Johanna Reimann and Trainee Solicitor Ziv Gould.
“Rift is entering the public markets at a pivotal moment for helium,” said Davis. “Global supply remains constrained, demand continues to grow across critical industries and investors are increasingly focused on securing new, reliable sources. Rift’s position in the Rukwa Basin gives it a compelling opportunity to help address that imbalance.”
Helium plays a vital role across a range of industries, including healthcare, technology and manufacturing. As demand continues to rise, new sources of primary helium have become increasingly important to market stability.
The transaction further strengthens Haynes Boone’s leading expertise in the AIM market. The firm was featured in The Lawyer last year following a standout period advising AIM‑listed clients, and its latest rankings confirm this continued momentum. Haynes Boone has retained its No. 1 position by number of AIM clients among U.S. law firms, ranking first in both Basic Materials and Technology, joint first in Consumer Discretionary / Consumer Staples, and second in Energy. These sector results are matched by significant overall gains - the firm has moved up to outright 11th place by total number of AIM clients, climbed seven places to 17th by total AIM client market capitalisation, and debuted in joint ninth place by number of FTSE AIM 100 clients. Haynes Boone also rose to joint fifth in the Basic Materials sector rankings, reinforcing its reputation as a premier U.S. adviser to AIM‑listed companies.
This IPO follows several recent transactions by the London office’s capital markets team, including the firm’s representation of Greenland Energy Company through a business combination and listing on Nasdaq, Guardian Metal Resources through an initial public offering on the New York Stock Exchange and Delta Gold Technologies through an initial public offering on the Access segment of the Aquis Stock Exchange Growth Market.
Haynes Boone’s Capital Markets Practice advises on high-value public offerings, including IPOs, PIPEs, reverse mergers and dual listings. The team has led landmark deals across mining, energy, tech, life sciences and financial services, including one of the largest IPOs in LSE history and the first Nasdaq-LSE dual listing of this century. Clients rely on our cross-border experience and integrated counsel across major U.S., U.K. and global exchanges for securities transactions, compliance and REIT structuring.
