Equities

IFR US ECM PRICINGS

 |  Robert Sherwood

Bit Digital (US, bitcoin mining equipment) ─ $150m ABB. 75m shares (Primary) at $2.00 versus $2.00-$2.10 marketing and $2.50 last sale. BRLY. 

Cantor Equity Partners III (US, SPAC) ─ $240m IPO. 24m shares (Primary) at $10.00. CANT. Nasdaq “CAEP”. Upsized from $200m. Brandon Lutnick. Fintech/crypto. 24 months. 100% in trust. 

Golar LNG (Bermuda, LNG processing) ─ $500m 5.5y CB at 2.75%, up 40% versus 2.5%-3% and 35%-40% marketing. CITI, GS, CLRK, DNB. Concurrent 2.5m share buyback. Dividend protection above zero-cent quarterly threshold. Wall cross.

Jefferson Capital (US, consumer finance) ─ $150m IPO. 10m shares (Primary, Secondary) at $15.00 versus $15-$17 marketing. JEFF, KBW. Nasdaq “JCAP”. 5% DSP. Selling shareholder is JC Flowers. 

Kratos Defense and Security Solutions (US, aerospace & defense) ─ $500m ABB. 13m shares (Primary) at $38.50 versus $38.00-$39.00 marketing and $40.77 last sale. BAIRD, RBC, RJ, TRST. Wall cross. 

SiTime (US, semiconductor equipment) ─ $350m FO. 1.75m shares (Primary) at $200.00 versus $203.75 last sale and $241.60 at launch. UBS, STFL. 

Topics
Equity Capital Initial Public Offerings (IPO) Americas North America United States ABBs and Block Trades Marketed Follow-Ons US Dollar
Issuers
Cantor Equity Partners Inc (CEP.O) Golar LNG Ltd (GLNG.O) JEFFERSON CAPITAL Kratos Defense and Security Solutions Inc (KTOS.O) SiTime Corp (SITM.O)