IFR US ECM Calendar
March 11: Aecon (Canada, construction) ─ C$150m Bought deal. 3.8m shares (Primary) at C$39.25 fixed price versus C$41.45 last sale. CIBC, TDC.
March 11: GlobalFoundries (US, semiconductors) ─ $1bn ABB. Fixed size (Secondary) marketed at $41.60-$42.50 versus $44.09 last sale. JPM, MS. Wall cross. Company is concurrently buying back $300m of stock from selling shareholder Mubadala Technology Investment in a private placement.
March 11: MDA Space (Canada, aerospace & defense) ─ $300m FO. Fixed size (Primary) versus $44.47 at launch. JPM, RBC. NYSE IPO.
March 11: Northern Oil & Gas (US, energy E&P) ─ $200m Block. Fixed size (Primary) marketed at $27.75-$28.25 versus $28.59 last sale. BOFA.
March 11: PayPay (Japan, fintech) ─ $1.1bn IPO. 55m ADSs (Primary, Secondary) at $17-$20. GS, JPM, MIZU, MS. NYSE “PAYP”. Qatar Holding, Visa International Service Association and Abu Dhabi Investment Authority have indicated from $220m combined of offering. SoftBank is the selling shareholder.