IFR US ECM CALENDAR
June 9: FirstEnergy (US, utility) – $950m 3.5y cvt marketed at 3.25%-3.75, up 20%- 25%. MS, BARC, CITI. Concurrent $850m 4.5y CB. Repurchase a portion of $1.5bn outstanding principal on 4% CB due in 2026.
June 9: FirstEnergy (US, utility) – $850m 4.5y cvt marketed at 3.5%- 4%, up 20%-25%. MS, BARC, CITI. Concurrent $950m 3.5y CB. Repurchase a portion of $1.5bn outstanding principal on 4% CB due in 2026.
June 9: Oddity Tech (Israel, cosmetics) – $350m 5y cvt marketed at 0% fixed, up 27.5%-32.5%. JPM, GS, MS. Capped call.
June 9 Xometry (US, ecommerce) – $225m 5y cvt marketed at 0.75%-1.25%, up 27.5%-32.5%. GS, JPM. Concurrent $25m share repurchase. Capped call. Concurrently repurchasing a portion of 1% CB due 2027. Wall cross.
June 10: Cracker Barrel (US, restaurants) – $275m 5.25y cvt marketed at 1.75%-2.25%, up 27.5%-32.5%. BOFA, GS. Capped call.
June 10: Voyager Technologies (US, aerospace & defense) ─ $319m IPO. 11m shares (Primary) at $26-$29. MS, JPM. NYSE “VOYG”. DSP (up to $20m). Janus Henderson and Wellington Management have indicated for $60m of the offering.
June 11: Ategrity Specialty Insurance (US, specialty insurance) ─ $106.7 IPO. 6.7m shares (Primary) at $14-$16. JPM, BARC. NYSE “ASIC”. 7% DSP.
June 11: Chime Financial (US, fintech) – $832m IPO. 32m shares (Primary, Secondary) at $24-$26. MS, GS, JPM. Nasdaq “CHYM”. 5% DSP. Cathay Innovation, Chateau, Flourish Ventures and Jay McGraw are the selling shareholders.
June 17: Caris Life Sciences (US, cancer diagnostics) ─ $423.5m IPO. 23.5m shares (Primary) at $16.00-$18.00. BOFA, JPM, GS, CITI. Nasdaq "CAI". Neuberger Berman has indicated for up to $75m of offering. 5% DSP.
June 17: Slide Insurance (US, insurance) – $340m IPO. 20m shares (Primary, Secondary) at $15-$17. BARC, MS. Nasdaq “SLDE”.