IFR US ECM CALENDAR
August 5: ARMOUR Residential REIT (US, mortgage REIT) ─ $310.8m Block. 18.5m shares (Primary) marketed at $16.35-$16.80 versus $16.80 last sale. GS.
August 5: CCC Intelligent Solutions (US, software) ─ $299.1m Block. 30m shares (Secondary) marketed at $9.89-9.97 versus $9.97 last sale. GS. Advent International is the selling shareholder.
August 5: Coinbase (US, crypto exchange) ─ $1bn 4y cvt marketed at 0% fixed, up 50%-55%. JPM. Capped call.
August 5: Coinbase (US, crypto exchange) ─ $1bn 7y cvt marketed at 0% fixed, up 30%-35%. JPM. Capped call.
August 5: Pitney Bowes (US, office equipment) ─ $200m 5y cvt marketed at 1.25%-1.75%, up 25%-30%. BOFA, GS, TRST. Concurrent $75m share repurchase. Capped call. Wall cross.
August 5: Ramaco Resources (US, coal mining) ─ $150m ABB. Fixed size (Primary) marketed at $18.50-$19.50 versus $23.14 last sale. MS, GS. Yorktown Partners is providing secondary shares for the greenshoe.
August 6: Firefly Aerospace (US, aerospace & defense) ─ $696.6m IPO. 16.2m shares (Primary) $41-$43. GS, JPM, JEFF, WF. Nasdaq “FLY”. 5% DSP. Price range increased from $35-$39 on Aug 4.
August 6: WhiteFiber (US, AI data centers) ─ $132.8m IPO. 7.8m shares (Primary) at $15-$17. BRLY, NEED. Nasdaq “WYFI”. Carve out from parent Bit Digital.
August 7: Avidbank (US, commercial bank) ─ $62.6m IPO. 2.6m shares (Primary) at $22-$24. PS, STPH. Nasdaq “AVBH”. Uplisting from OTC Pink Sheets listing under “AVBH” trading at $21.49.at launch.
August 7: Heartflow (US, medical devices) ─ $212.5m IPO. 12.5m shares (Primary) at $15-$17. JPM, MS, PS, STFL, CGEN. Nasdaq "HTFL".
August 12: Bullish (Cayman Islands, crypto exchange) ─ $629.3m IPO. 20.3m shares (Primary) at $28-$31. JPM, JEFF, CITI. NYSE “BLSH”. Ark Investment Management and BlackRock have indicated for $200m of the offering.
August 13: Miami International (US, electronic trading) ─ $315m IPO. 15m shares (Primary) at $19-$21. JPM, MS, PS. NYSE “MIAX”. Wellington Management has indicated for $40m of the offering.