Equities

IFR US ECM Calendar

 |  Robert Sherwood


Priced

Generate Biomedicines (US, biotech) ─ $400m IPO. 25m shares (Primary) at $16.00 versus $15.00-$17.00 marketing. GS, MS, PS, GUGG, CANT. Nasdaq "GENB".

Calendar

February 26: AGT Food and Ingredients (Canada, food) ─ C$460m TSX IPO (Primary, Secondary). 15.33m-17.69m shares at C$26-$30. NBF, SCOT. TSX “AGTF”. OMERS is the selling shareholder.

February 26: Kratos Defense and Security Solutions (US, aerospace & defense) ─ $1bn ABB. Fixed size (Primary) marketed at $83.00-$85.00 versus $92.14 last sale. BAIRD, RJ, RBC, TRST. Wall cross.

February 26: LSI Industries (US, electrical components & equipment) ─ $75m FO. Fixed size (Primary) versus $22.47 at launch. OPCO, CHLM. Wall cross.

February 26: NextEra Energy (US, electric utility) ─ $2bn 3y mand cvt marketed at 7.125%-7.625% div, up 25% fixed. WF, BOFA, CITI, MIZU.

February 26: Ultra Clean (US, semiconductor equipment) ─ $400m 5y cvt marketed at 0% fixed, up 35%-40%. BARC, UBS. Capped call. Concurrent $40m share repurchase.

March 5: MiniMed (US, medical devices) ─ $784m IPO. 28m shares (Primary) at $25-$28. GS, BOFA, CITI, MS. Nasdaq “MMED”. Spin-off from Medtronic.

March 5: Robinhood Ventures Fund I (US, closed end fund) ─ $1bn IPO. 40m shares (Primary, Secondary) at $25.00. GS. Robinhood Markets is selling 5m shares. Marketing extended from scheduled 2/25 pricing.

Topics
Americas North America United States Equity Capital ABBs and Block Trades Structured Equity US Dollar Initial Public Offerings (IPO) Marketed Follow-Ons Canada
Issuers
AGT FOOD AND INGREDIENTS INC Generate Biomedicines Inc MiniMed Group Inc Medtronic PLC (MDT.N) Robinhood Ventures Fund I (RVI.N) Robinhood Markets Inc (HOOD.O) Ultra Clean Holdings Inc (UCTT.O) Nextera Energy Inc (NEE.N) Kratos Defense and Security Solutions Inc (KTOS.O)