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IFR US ECM Calendar

 | Updated:  |  Robert Sherwood

Pricings

Fermi (US, hyperscaler power generation) ─ $682.5m IPO. 32.5m shares (Primary) at $21.00 versus $18-$22 marketing. UBS, EVER, CANT, MIZU. Dual listing on Nasdaq and LSE under symbol “FRMI”. 5% DSP. Upsized from 25m shares on 9/29.

Neptune Insurance (US, specialty insurance) ─ $368.4m IPO. 18.4m shares (Secondary) at $20.00 versus $18-$20 marketing. MS, JPM, BOFA. NYSE “NP”. T Rowe Price and Alliance Bernstein indicated for $75m combined of the offering.

Rice Acquisition 3 (US, SPAC) ─ $300m IPO. 30m units (Primary) at $10.00. BARC, JEFF. NYSE “KRSP.U”. Upsized from $250m. Each unit comprises one share and one-fourth warrant. Rice Investment Group/Mercuria. Energy. 24 months. 100% in trust.

Calendar

September 30: AAR (US, Aviation) ─ $258m ABB. 3m shares (Primary) $81.00-$86.00 versus $89.67 last sale. GS, JEFF, RBC. Wall cross. 

September 30: Enanta Pharmaceuticals (US, biotech) ─ $50m ABB. Fixed size (Primary) marketed at $10.00-$10.50 versus $11.97 last sale. JPM, JEFF, EVER. Wall cross. 

September 30: Energy Fuels (US, uranium/rare earth minerals miner) ─ $550m 6y cvt marketed at 0.75%-1.25%, up 27.5%-32.5%. GS. 

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. 

October 8: Alliance Laundry (US, industrial) – $751.2m IPO. 34.1m shares (Primary, Secondary) at $19-$22. BOFA, JPM, MS. NYSE "ALH". BDT Capital is the selling shareholder. Capital International Investors and Kayne Anderson Rudnick Investment Management have each indicated for $100m ($200m combined) of offering. 

October 8: Phoenix Education Partners (US, online education) ─ $140.3m IPO. 4.3m shares (Secondary) at $31-$33. MS, GS, BMO, JEFF. NYSE “PXED”. Apollo Global and Vistria Group are the selling shareholders. Filed under “AP VIII Queso Holdings.”  

October 8: Rockpoint Gas Storage (Canada, natural gas storage) – C$484m ($350m) TSX IPO. 22m shares (Primary) at C$19-$22. RBC, JPM. TSX “RGSI”. Brookfield Asset Management is providing secondary shares for the greenshoe adoption.