IFR US ECM PRICINGS
Bullish (Cayman Islands, crypto exchange) ─ $1.1bn IPO. 30m shares (Primary) at $37.00 versus $32-$33 marketing. JPM, JEFF, CITI. NYSE “BLSH”. Ark Investment Management and BlackRock indicated for $200m of offering. Refiled from 20.3m shares at $28-$31 on 8/4.
CareTrust REIT (US, healthcare REIT) ─ $640m ABB. 20m shares (Primary) at $32.00 versus $31.70-$32.70 marketing and $32.99 last sale. JPM, BOFA, RBC. Upsized from 15.5m shares.
Compass Therapeutics (US, biotech) ─ $120m ABB. 40m shares (Primary) at $3.00 versus $3.00 fixed price marketing and $3.17 last sale. JEFF, PS, GUGG. Upsized from $100m. Wall cross. Includes pre-funded warrants.
Denison Mines (Canada, uranium mining) ─ $300m 6y cvt at 4.25%, up 35% versus 4.25%-4.75% and 30%-35% marketing. CANT, SCOT. Upsized from $250m. Wall cross. Capped call to $4.32, a 100% premium.
Hilton Grand Vacations (US, hotels) ─ $302.1m Block. 7m shares (Secondary) at $43.15 versus $43.15-$43.65 marketing and $44.97 last sale. WF, DB, BARC. Apollo is the selling shareholder. Company is buying back up to $40m of shares sold in the offering.
TSS (US, AI infrastructure) ─ $51m ABB. 3m shares (Primary) at $17.00 versus $18.60 last sale. LUCID.
Ondas (US, aerospace & defense) ─ $150m ABB. 46.2m shares (Primary) at $3.25 versus $4.29 last sale. OPCO. Upsized from $125m. Wall cross.
ProFrac (US, oilfield services) ─ $75m ABB. 18.8m shares (Primary) at $4.00 versus $4.00-$4.50 marketing and $6.32 last sale. JPM, PS. Controlling shareholders Dan Wilks and Farris Wilks indicated for $20m of offering.
SPX Technologies (US, HVAC equipment) ─ $500m FO. 2.7m shares (Primary) at $188.00 versus $191.17 last sale and $200.51 at launch. BOFA, JPM, WF, TDC, TRST.