IFR US ECM CALENDAR
June 24: Array Technologies (US, renewable energy equipment) ─ $250m 6y cvt marketed at 2.5%-3%, up 27.5%-32.5%. JEFF, GS, JPM. Capped call. Concurrently buying back a portion of $425m principal 1% CB due 2028. Capped call.
June 24: Cidara Therapeutics (US, biotech) ─ $250m FO. Fixed size (Primary) versus $44.95 at launch. JPM, MS, GUGG, CANT.
June 24: Forte Biosciences (US, biotech) ─ $75m ABB. Fixed size (Primary) marketed at $12.00-$13.00 versus $14.17 last sale. TDC, EVER, GUGG, CHDN. Wall cross.
June 25: Jefferson Capital (US, consumer finance) ─ $170m IPO. 10m shares (Primary, Secondary) at $15-$17. JEFF, KBW. Nasdaq “JCAP”. 5% DSP. Selling shareholder is JC Flowers.
June 25: SiTime (US, semiconductor equipment) ─ $350m FO. Fixed size (Primary) versus $241.60 at launch. UBS, STFL.
July 1: CoastalSouth Bancshares (US, community bank) ─ $61.1m IPO. 2.6m shares (Primary, Secondary) at $21.50-$23.50. PJ, STPH. NYSE “COSO”. Uplisting from OTC shares trading at $19.40 at launch.
Week of June 30: Fibra NEXT (Mexico, warehouse REIT) ─ Ps8bn ($418m) IPO. 80m shares (Primary) at Ps100. BOFA, BBVA, BTG, GS.