IFR US ECM CALENDAR
Priced
Firefly Aerospace (US, aerospace & defense) ─ $868.5m IPO. 19.3m shares (Primary) at $45.00 versus $41-$43 marketing. GS, JPM, JEFF, WF. Nasdaq “FLY”. 5% DSP. Upsized from 16.2m shares. Price increased from $35-$39 on Aug 4.
WhiteFiber (US, AI data centers) ─ $159.4m IPO. 9.4m shares (Primary) at $17.00 versus $15-$17 marketing. BRLY, NEED. Nasdaq “WYFI”. Upsized from 7.8m shares. Carve out from parent Bit Digital.
Calendar
August 6: Bowhead Specialty (US, specialty insurance) ─ $64.2m Block. 2m shares (Secondary) marketed at $30.80-$32.10 versus $32.10 last sale. RBC. GPC Partners is the selling shareholder.
August 6: Corebridge Financial (US, life insurance) ─ $1bn Block. 30m shares (Secondary) marketed at $33.55-$34.23 versus $34.23 last sale. MS. AIG is the selling shareholder.
August 6: First Watch Restaurant (US, restaurants) ─ $92m Block. 5m shares (Secondary) marketed at $17.90-$18.40 versus $18.83 last sale. BARC, GS. Advent International is the selling shareholder.
August 6: Sana Biotechnology (US, biotech) ─ $75m ABB. Fixed size (Primary) marketed at $3.35-$3.75 versus $4.25 last sale. MS, GS, BOFA, TDC. Wall cross. A portion of the offering being sold as prefunded warrants.
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: Hagerty (US, insurance broker) ─ $95m FO. 8.7m shares (Secondary) versus $10.92 at launch. KBW, JPM. The estate of former CEO Kim Hagerty is the selling shareholder.
August 7: Heartflow (US, medical devices) ─ $300m IPO. 16.7m shares (Primary) at $17-$18. JPM, MS, PS. Nasdaq "HTFL". Upsized from 12.5m shares and price range increased from $15-$17 on 8/6.
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.