IFR US ECM PRICINGS
Alaris Equity Partners (Canada, private equity) ─ C$75m ($54m) bought 5y cvt priced at 6.5%, up 35%. NBF, CIBC, DCM.
Churchill Capital X (US, SPAC) ─ $360m IPO. 36m units (Primary) at $10.00. Each unit comprises one share and one-fourth warrant. BTIG. Nasdaq “CCCXU”. Upsized from $300m. Michael Klein. Not defined. 24 months. 100% in trust.
eToro (Israel, online brokerage) ─ $620m IPO. 11.9m shares (Primary, Secondary) at $52.00 versus $46-$50 marketing. GS, JEFF, UBS, CITI. Nasdaq “ETOR”. Upsized from 10m shares. Blackrock indicated for $100m of the offering. 5% DSP. Founders Yoni and Ronen Assia are among the selling shareholders.
TXO Partners (US, energy E&P) ─ $175m ABB. 11.7m shares (Primary) at $15.00 versus $15.00-$16.00 marketing and $17.68 last sale. RJ, STFL. Indications of interest from chairman Bob Simpson and directors Keith Hutton and Lawrence Massaro. Wall cross.
Uber Technologies (US, transportation) ─ $1bn 3y exchangeable priced at fixed zero-percent coupon, up 16% versus 10%-15% marketing. BOFA. Security is exchangeable into shares of Aurora Innovation at $8.50 versus $7.32 reference closing share price.