IFR US ECM PRICINGS
Avidbank (US, commercial bank) ─ $60m IPO. 2.6m shares (Primary) at $23.00 versus $22-$24 marketing. PS, STPH. Nasdaq “AVBH”. Uplisting from OTC Pink Sheets listing under “AVBH” trading at $21.53 at filing.
Centuri (US, infrastructure services) ─ $292.5m ABB. 15m shares (Secondary) at $19.50 versus $19.25-$20.25 marketing and $21.20 last sale. JPM, WF, BOFA, MOLS. Carl Icahn purchased another 1.57m shares from selling shareholder Southwest Gas in a private placement.
Hagerty (US, specialty insurance) ─ $90.6m FO. 9.7m shares (Secondary) at $9.34 versus $10.92 last sale and $9.34 at launch. KBW, JPM. Upsized from 8.7m shares. The estate of former CEO Kim Hagerty is the selling shareholder.
Heartflow (US, medical devices) ─ $316.7m IPO. 16.7m shares (Primary) at $19.00 versus $17-$18 marketing. JPM, MS, PS. Nasdaq "HTFL". Upsized from 12.5m shares and revised from $15-$17 on 8/6.
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.