Equities

IFR US ECM Pricings

 |  Robert Sherwood

CleanSpark (US, bitcoin miner) ─ $1.15bn 6.25y cvt priced at 0%, up 27.5% versus zero-percent fixed coupon and 27.5%-32.5% marketing. CANT, BTIG. Concurrent $460m share repurchase. Upsized from $1bn. Wall cross.

Evolution Global Acquisition (Cayman Islands, SPAC) ─ $210m IPO. 21m units (Primary) at $10.00. Each unit comprises one share and one-half warrant. COHEN. Nasdaq “EVOXU”. Upsized from $150m. Stephen Silver. Energy infrastructure. 24 months. 100% in trust.

Rollins (US, pest control) ─ $1bn ABB. 17.4m shares (Secondary) at $57.50 versus $56.50-$57.50 marketing and $58.56 last sale. MS. Company is buying back $200m of stock sold in the offering. Wall cross.

Vor Biopharma (US, biotech) ─ $100m ABB. 10m shares (Primary) at $10.00 versus $10.00-$12.00 marketing and $18.80 last sale. JPM, JEFF, CITI, TDC. Wall cross.

Topics
Equity Capital Initial Public Offerings (IPO) Americas North America US Dollar United States ABBs and Block Trades Latin America Caribbean Cayman Islands Marketed Follow-Ons Structured Equity
Issuers
CleanSpark Inc (CLSK.O) Rollins Inc (ROL.N) Vor Biopharma Inc (VOR.O) Evolution Global Acquisition Corp (EVOXU.OQ)