Equities

IFR US ECM Calendar

 |  Robert Sherwood

September 25: Cipher Mining (US, cryptocurrencies) ─ $800m 6y cvt marketed at 0% fixed, up 30%-35%. MS. Capped call.  

September 25: Mirion Technologies (US, medical devices) ─ $350m FO. Fixed size (Primary) versus $21.97 at launch. GS, EVER, CITI, MS. 

September 25: UniQure (Netherlands, biotech) ─ $200m FO. Fixed size (Primary) versus $47.50 last sale. LEER, STFL, VLK, GUGG. Includes pre-funded warrants.

Week of September 29: Commercial Bancgroup (US, commercial bank) ─ $103.7m IPO. 3.7m shares (Primary, Secondary) at $25.75-$27.75. HOVD. Nasdaq “CBK”. 5% DSP. 

September 30: Fermi (US, hyperscaler power generation) ─ $550m IPO. 25m shares (Primary) at $18-$22. UBS, EVER, CANT, MIZU. Dual listing on Nasdaq and LSE under symbol “FRMI”. 5% DSP. 

September 30: Neptune Insurance (US, specialty insurance) ─ $368.4m IPO. 18.4m shares (Secondary) at $18-$20. MS, JPM, BOFA. NYSE “NP”. T Rowe Price and Alliance Bernstein have indicated for $75m combined of the offering. 

September 30: Pague Menos (Brazil, pharmacy chain) ─ R$250m ($46.7m). 69.6m (Primary, Secondary) R$3.57 at launch. ITAU, BTG, BRAD, XP. Selling shareholder General Atlantic contributing another 10m shares to the greenshoe

Topics
US Dollar Equity Capital ABBs and Block Trades Marketed Follow-Ons Americas North America United States Structured Equity Initial Public Offerings (IPO)
Issuers
Empreendimentos Pague Menos SA (PGMN3.SA) Fermi America LLC PepGen Inc (PEPG.O) Uniqure NV (UQ1.F) Mirion Technologies Inc (MIR.N) Cipher Mining Inc (CIFR.O)