Equities

IFR US ECM Pricings

 |  Robert Sherwood

KRAKacquisition (Cayman Islands, SPAC) ─ $300m IPO. 30m units (Primary) at $10.00. SANT. Nasdaq “KRAQ”. Each unit comprises one share and one-fourth warrant. Kraken/Tribe Capital. Digital assets. 24 months. 100% in trust. Upsized from 25m units. 

Public Policy (US, public affairs) ─ $50.8m Nasdaq IPO. 4.2m shares (Primary) at $12.25. OPCO, CGEN. Nasdaq “PPHC”. Cross-listing from LSE AIM market listing on Nasdaq ticker “PPHC” last traded at £10.40 ($14.40).

Space Asset Acquisition (Cayman Islands, SPAC) ─ $200m IPO. 20m units (Primary) at $10.00. BTIG. Nasdaq “SAAQU”. Each unit comprises one share and one-third warrant. Peter Ort. Space economy. 24 months. 100% in trust. 

StandardAero (US, aerospace) ─ $1.55bn ABB. 50m shares (Secondary) at $31.00 versus $31-$32 marketing and $33.12 last sale. MS, JPM, RBC. Carlyle Group and GIC are the selling shareholders. Company is buying back another $50m of stock from a selling shareholder in a concurrent private placement. 

Topics
Equity Capital Marketed Follow-Ons Americas North America Structured Equity US Dollar Initial Public Offerings (IPO) ABBs and Block Trades United States
Issuers
Public Policy Holding Company Inc (PPHC.L) StandardAero, Inc. (SARO.N) Space Asset Acquisition Corp (SAAQU.OQ) KRAKacquisition Corp