Equities

IFR US ECM PRICINGS

 |  Robert Sherwood

A Paradise Acquisition (British Virgin Islands, SPAC) ─ $200m IPO. 20m units (Primary) at $10.00. Each unit comprises one share and one-eighth right. COHEN. Nasdaq “APADU”. Claudius Tsang. Leisure and entertainment. 24 months. 100% in trust.

Ambiq Micro (US, semiconductors) ─ $96m IPO. 4m shares (Primary) at $24.00 versus $22-$25 marketing. BOFA, UBS, NEED, STFL. NYSE “AMBQ”. Upsized from 3.4m shares.

Celcuity (US, biotech) ─ $85m FO. 2.2m shares (Primary) versus $37.24 at launch. JEFF, TDC, LEER. Includes pre-funded warrants. Upsized from $75m. Concurrent $175m offering of 6y cvt upsized from $150m at launch.

Celcuity (US, biotech) ─ $175m 6y cvt at 2.75%, up 35% versus 3%-3.5% and 25%-30%. JEFF, TDC, LEER. Upsized from $150m. Concurrent upsized $75m follow-on offering. Company opted not to enter capped call transaction at pricing.

Larimar Therapeutics (US, biotech) ─ $60m ABB. 18.8m shares (Primary) at $3.20 versus $3.20-$3.40 marketing and $3.53 last sale. LEER, GUGG, TRST, WBLR. Wall cross.

SoFi Technologies (US, consumer finance) ─ $1.5bn Block. 71.9m shares (Primary) at $20.85 versus $20.85-$21.50 marketing and $22.40 last sale. GS, CITI, MIZU.

Topics
Americas North America US Dollar Equity Capital Marketed Follow-Ons ABBs and Block Trades United States Initial Public Offerings (IPO)
Issuers
Ambiq Micro Inc (AMBQ.N) Celcuity Inc (CELC.O) Larimar Therapeutics Inc (LRMR.O) SoFi Technologies Inc (SOFI.O) A Paradise Acquisition Corp (APADU.OQ)