IFR US ECM CALENDAR
July 1: AeroVironment (US, aerospace & defense) ─ $750m FO. Fixed size (Primary) versus $284.95 at launch. JPM, BOFA. Concurrent $600m five-year convertible bond offering. Wall cross.
July 1: AeroVironment (US, aerospace & defense) ─ $600m 5y cvt at 0%-0.5%, up 25%-30%. JPM, BOFA. Concurrent $750m follow-on offering. Wall cross.
July 1: ArriVent Pharma (US, biotech) ─ $75m ABB. Fixed size (Primary) marketed at $19.50-$20.00 versus $20.89 last sale. GS, CITI, GUGG. Wall cross. Includes pre-funded warrants.
July 1: CoastalSouth Bancshares (US, community bank) ─ $61.1m IPO. 2.6m shares (Primary, Secondary) at $21.50-$23.50. PS, STPH. NYSE “COSO”. Uplisting from OTC shares trading at $19.40 at launch. Banks told investors to expect a downsized offering of 2m shares priced at $21.50.
July 1: DeFi Development (US, crypto) ─ $100m 5y CB marketed at 5%-5.5%, up 10%-15%. CANT. Concurrent prepaid forward to facilitate delta hedging. Wall cross.