IFR US ECM Pricings
BRP (Canada, recreational products) ─ C$136m Bought deal. 1.5m shares (secondary) at C$90.71 versus C$94.25 last sale. BMO. Bain Capital is the selling shareholder.
Fox (US, media) ─ $913.3m Block. 16.8m shares (Secondary) at $54.25 versus $54.25-$56.25 marketing and $56.81 last sale. MS. Rupert Murdoch estate is the selling shareholder. Downsized from 16.9m shares.
Kodiak Gas Services (US, oilfield services) – $344m Block. 10m shares (Secondary) at $34.40 versus $34.40-$35.32 marketing and $35.32 last sale. GS. EQT is the selling shareholder. Priced pre-market open Monday.
News Corp (US, media) ─ $456.6m Block. 14.1m shares (Secondary) at $32.45 versus $32.45-$33.65 marketing and $29.94 last sale. MS. Rupert Murdoch estate is the selling shareholder. Downsized from 14.2m shares.
Norwegian Cruise Line (US, travel and leisure) – $1.3bn 5y exch priced at 0.75%, up 40% versus 0.5%-1% and 37.5%-42.5% marketing. JPM, CITI, GS. Upsized from $1.2bn. Concurrent registered direct offering and $2.05bn straight debt sale. Combined proceeds being used to tender for debt maturing in 2026 and 2027.
Ondas (military drones) ─ $200m ABB. 40m shares (Primary) at $5.00 versus $6.06 last sale. OPCO, STFL. Launched and priced pre-market open Tuesday. Conducted as underwritten registered direct off earlier wall cross.
Talon Capital (US, SPAC) ─ $225m IPO. 22.5m units (Primary) at $10.00. COHEN. Nasdaq “TLNCU”. Each unit comprises one share and one-third warrant. Charles Leykum. Energy. 24 months. 100% in trust.
Wix.com (Israel, web development) – $1bn 5y cvt priced 0%, up 37.5% versus 0% fixed and 30%-35% marketing. MS, JPM. Upsized from $750m. Concurrent $75m share repurchase. Capped call to $267.89, a 75% premium.