IFR US ECM CALENDAR
Priced
Starry Sea Acquisition (US, SPAC) ─ $50m IPO. 5m units (Primary) at $10.00. AGP. Nasdaq “SSEAU”. Each unit comprises one share and one-sixth right. Guojian Zhang/ Yan Liang. Targets in China. 15 months. 100% in trust.
Calendar
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: Centuri (US, infrastructure services) ─ $303.8m ABB. 15m shares (Secondary) marketed at $19.25-$20.25 versus $21.20 last sale. JPM, WF, BOFA, MOLS. Southwest Gas is the selling shareholder. Icahn Partners is purchasing another 1.57m shares from the selling shareholder at the public offering price in a concurrent private placement. Wall cross.
August 7: Hagerty (US, specialty insurance) ─ $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.