IFR US ECM Calendar
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) FO. 69.6m (Primary, Secondary) R$3.57 at launch. ITAU, BTG, BRAD, XP. Selling shareholder General Atlantic contributing another 10m shares to the greenshoe.
IPO filings
Ethos Technologies (US, insurtech) ─ $250m IPO. Terms TBD (Primary, Secondary). GS, JPM. Nasdaq “LIFE”.