IFR US ECM CALENDAR
June 10: Ategrity Specialty Insurance (US, specialty insurance) ─ $106.7 IPO. 6.7m shares (Primary) at $14-$16. JPM, BARC. NYSE “ASIC”. 7% DSP.
June 10: Brown & Brown (US, insurance broker) ─ $4bn FO. Fixed size (Primary) versus $107.86 at launch. JPM, BOFA. Cash funding for $9.8bn acquisition of Ascension Risk Management.
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: Grab (Singapore, ride hailing) ─ $1.5bn 5y, put-3 cvt marketed at 0%-0.5%, up 35%-40%. MS, HSBC, JPM. Upsized from $1.25bn. Concurrent $274m shares repurchase. Reg S placement.
June 10: Rubrik (US, software) ─ $1bn 5y cvt marketed at 0%-0.5%, up 37.5%-42.5%. GS, BARC, CITI WF. Capped call. Repay $327.9m of debt.
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: 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”.