Equities

IFR US ECM PRICINGS

| Updated: | Robert Sherwood

MP Materials (US, rare earth minerals) ─ $650m ABB. 11.8m shares (Primary) at $55.00 versus $54.50-$56.00 marketing and $58.55 last sale. JPM, GS, MS. Wall cross. Upsized from $500m.

Pyrophyte Acquistion II (Cayman Islands, SPAC) ─ $175m IPO. 17.5m units (Primary) at $10.00. Each unit comprises one share and one-half warrant. UBS. NYSE “PAII.U”. Bernard Duroc-Danner. Renewable energy. 24 months. 100% in trust.

Starwood Property Trust (US, mortgage REIT) ─ $507.7m ABB. 25.5m shares (Primary) at $19.91 versus $19.91-$20.33 marketing and $20.85 last sale. BOFA, WF. Wall cross. Partial funding for $2.2bn acquisition of net lease properties from Brookfield Asset Management.

Topics

Americas North America United States Equity Capital Marketed Follow-Ons Canada Initial Public Offerings (IPO) ABBs and Block Trades US Dollar

Issuers

Starwood Property Trust Inc (STWD.N) MP Materials Corp (MP.N) Pyrophyte Acquisition Corp (PHYTF.PK)