IFR US ECM PRICINGS
AGI (Brazil, fintech) – $240m IPO. 20m shares (Primary) at $12.00 versus $12-$13 marketing. GS, MS, CITI. NYSE “AGBK”. Revised from 43.6m shares at $15-$18 on 2/10.
Columbus Circle Capital II (US, SPAC) – $200m IPO. 20m units (Primary) at $10.00. CLRST. Nasdaq “CMIIU”. Each unit comprises one share and one-third warrant. Gary Quin. AI, sports, healthcare, energy in EMEA and Latin America. 18 months. 100% in trust.
Curbline Properties (US, retail REIT) – $200m Block. 8m shares (Primary) at $25.00 versus $25.20-$25.73 marketing and $25.73 last sale. MS, BOFA. Structured as a forward sale.
D Boral Acquisition I (BVI, SPAC) – $250m IPO. 25m units (Primary) at $10.00. DBORAL. Nasdaq “DBCAU”. Each unit comprises one share and one-half warrant. David Boral/John Darwin. Not defined. 18 months. 100% in trust.
Galecto (US, biotech) – $275m ABB. 14.5m shares (Primary) at $19.00 versus $19.00 fixed price marketing and $21.52 last sale. JEFF, LEER, EVER, GUGG. Upsized from $200m. Offering structured with non-voting series C preferred stock convertible into stock on a one-for-one basis.
Gibson Energy (Canada, oil & gas storage) – C$200m Bought deal. 7.6m shares (Primary) at C$26.35 versus C$27.37 last sale. CIBC, SCOT. Equity funding for $400m purchase of pipeline assets from Teine Energy.
Idea Acquisition (Cayman Islands, SPAC) – $350m IPO. 35m units (Primary) at $10.00. CANT, OCG. Nasdaq “IACOU”. Each unit comprises one share and one-third warrant. Trevor Harries-Jones/Ryan Shea. AI software. 24 months. 100% in trust.
Solv Energy (US, engineering and construction) – $512.5m IPO. 20.5m shares (Primary) at $25.00 versus $22-$25 marketing. JEFF, JPM. Nasdaq “MWH”.
Spartacus Acquisition II (US, SPAC) – $200m IPO. 20m units (Primary) at $10.00. CANT. Nasdaq “TMTSU”. Each unit comprises one share and one-third warrant. Igor Volshteyn. TMT, digital infrastructure and satellites services. 24 months. 100% in trust.