IFR US ECM PRICINGS
Bitdeer Technologies (Singapore, bitcoin mining) ─ $330m 6y cvt at 4.875%, up 25% versus 4.375%-4.875% and 25%-30% marketing. BARC, BTIG, CANT. Upsized from $300m. A portion of the proceeds being used to redeem a portion of 8.5% CB due 2029. Zero-strike call option being used to create stock borrow.
Caris Life Sciences (US, cancer diagnostics) ─ $494.1m IPO. 23.5m shares (Primary) at $21.00 versus $19-20 marketing. BOFA, JPM, GS, CITI. Nasdaq "CAI". Price range increased from $16-18 on 6/16. Neuberger Berman indicated for up to $75m of offering. 5% DSP.
Keyera (Canada, midstream MLP) ─ C$1.8bn ($1.3bn) Bought deal. 46m shares (Primary) at C$39.15 fixed versus C$42.07 last sale. RBC. Funding for US$3.75bn purchase of assets from Plains All American Pipeline.
Kraken Robotics (Canada, marine technology) ─ C$100.0m Bought deal. 37.6m shares (Primary) at C$2.66 fixed versus C$2.86 at launch. DESJ.
MakeMyTrip (India, online travel) ─ $1.44bn FO. 16m shares (Primary) at $90.00 versus $91.49 last sale and $100.88 at launch. MS, JPM. Concurrent $1.25bn 5y cvt. Upsized from 14m shares.
MakeMyTrip (India, online travel) ─ $1.25bn 5y cvt at 0%, up 35% versus 0% fixed and 30%-35%. MS, JPM. Tightened from 25%-35% while marketing. Concurrent $1.44bn common offering.
Slide Insurance (US, insurance) – $408m IPO. 24m shares (Primary, Secondary) at $17.00 versus $15-$17 marketing. BARC, MS. Nasdaq “SLDE”. Upsized from 20m shares.