IFR US ECM Pricings
Alliance Laundry (US, industrial) – $826.3m IPO. 37.6m shares (Primary, Secondary) at $22.00 versus $19-$22 marketing. BOFA, JPM, MS. NYSE "ALH". Upsized from 34.1m shares. BDT Capital is the selling shareholder. Capital International Investors and Kayne Anderson Rudnick Investment Management indicated for $100m ($200m combined) of offering.
Apogee Therapeutics (US, biotech) ─ $300m ABB. 7.3m shares (Primary) at $41.00 versus $40.00-$41.00 marketing and $47.24 last sale. JEFF, BOFA, GUGG, TDC, BTIG. Wall cross. Upsized from $250m. Includes pre-funded warrants.
Hycroft Mining (US, gold mining) ─ $150m ABB. 23.1m shares (Primary) at $6.50 versus $6.50 fixed price marketing and $7.16 last sale. BMO. Upsized from $100m. Launched and pricing pre-open 10/9.
Iren (Australia, bitcoin mining/HPC) ─ $875m 5.75y cvt priced at 0%, up 42.5% versus 0% fixed and 30%-35% marketing. CITI, GS. Wall cross. Capped call to $120.18, a 100% premium.
Live Nation Entertainment (US, entertainment and media) ─ $1.3bn 6y cvt priced at 2.875%, up 50% versus 2.875%-3.375% and 47.5%-52.5% marketing. CITI, JPM, GS. Concurrent $1.3bn offering of senior notes and $1.3bn revolving credit facility.
Phoenix Education Partners (US, online education) ─ $136m IPO. 4.3m shares (Secondary) at $32.00 versus $31-$33 marketing. MS, GS, BMO, JEFF. NYSE “PXED”. Apollo Global and Vistria Group are the selling shareholders. Filed under “AP VIII Queso Holdings”.
Rockpoint Gas Storage (Canada, natural gas storage) – C$704m IPO. 32m shares (Primary) at C$22.00 versus C$19-$22 marketing. RBC, JPM. TSX “RGSI”. Upsized from 22m shares on 10/6.Brookfield Asset Management is providing secondary shares for the greenshoe adoption.
Topaz Energy (Canada, E&P) ─ C$200.8m Bought deal. 8m shares (Secondary) at C$25.10 versus C$26.18 last sale. PETERS, SCOT. Tourmaline Oil is the selling shareholder.