Equities

IFR US ECM Pricings

 |  Robert Sherwood


Iris Acquisition II (UAE, SPAC) ─ $150m SPAC IPO. 15m units (Primary) at $10.00. COHEN. Nasdaq “IRABU”. Sumit Mehta. Not defined. Each unit comprises one share and one-half warrant. 24 months. 100% in trust.

Oracle (US, software) ─ $5bn 3y mand cvt pfd priced at 6.5% div, up 25% versus 6.25%-7.25% and 25% fixed marketing. CITI, BOFA, DB, GS, HSBC, JPM. Simultaneously filed $20bn ATM. Simultaneously priced $25bn bond offering.

VSE (US, aviation services) ─ $750m FO. 4m shares (Primary) at $188.00 versus $218.57 last sale and $190.93 at launch. JEFF, RBC. Upsized from $650m. Concurrent $400m 3y mand cvt. Partial funding for $2bn purchase of Precision Aviation. 

VSE (US, aviation services) ─ $400m 3y mand cvt priced at 5.75% div, up 22.5% versus 5.75%-6.25% and 17.5%-22.5% marketing. JEFF, RBC. Upsized from $350m. Concurrent $750m FO. Partial funding for $2bn purchase of Precision Aviation.

White Pearl Acquisition (Hong Kong, SPAC) ─ $100m IPO. 10m units (Primary) at $10.00. DBORAL. Nasdaq “WPACU”. Upsized from $50m. Each unit comprises one share and one-fifth right. White Pearl Group. Fintech. 24 months. 100% in trust.

Topics
Americas North America United States US Dollar Equity Capital Structured Equity Initial Public Offerings (IPO) Marketed Follow-Ons Europe, Middle East and Africa Middle East United Arab Emirates ABBs and Block Trades
Issuers
Oracle Corp (ORCL.N) VSE Corp (VSEC.O) Iris Acquisition II Corp White Pearl Acquisition Corp (WPAC_u.N)