IFR US ECM CALENDAR
July 23: Accelerant (US, insurance exchange) ─ $578.9m IPO. 28.9m shares (Primary, Secondary) at $18.00-$20.00. MS, GS, BMO, RBC. NYSE “ARX”. Altamont Capital among the selling shareholders. 5% DSP.
July 23: Fibra Next (Mexico, warehouse REIT) ─ Ps8bn ($418m) Mexican Bolsa IPO. 80m shares (Primary) at Ps100. BOFA, BBVA, BTG, GS. Banks hold 16m share hot shoe option plus a 14.4m share greenshoe option.
July 23: GO Residential Real Estate Investment Trust (Canada, residential REIT) ─ $410.3m TSX IPO. 27.4m shares (Primary) at $15.00 fixed price. CIBC, BMO. Cohen & Steers investing $90m in concurrent private placement.
July 23: Karman (US, aerospace & defense) ─ $1.1bn FO. 20m shares (Secondary) versus $56.22 at launch. CITI, EVER. Trive Capital is the selling shareholder.
July 23: Mara (US, crypto miner) ─ $850m 7y, put-4.5y cvt marketed at 0% fixed, up 15%-25%. MS, BARC. Repurchase $50m of 1% CB due in 20226. Capped call. Reference priced based on VWAP from 2:00pm-4:00pm ahead of pricing.
July 23: McGraw Hill (US, online education) ─ $536.6m IPO. 24.4m shares (Primary) at $19.00-$22.00. GS. NYSE “MH”. Platinum Equity is providing shares for the greenshoe.
July 29: Ambiq Micro (US, semiconductors) ─ $85m IPO. 3.4m shares (Primary) at $22-$25. BOFA, UBS. NYSE “AMBQ”.
July 30: Figma (US, digital design software) ─ $1.03bn IPO. 36.9m shares (Primary, Secondary) at $25-$28. MS, GS, ALLN, JPM. NYSE “FIG”.