Equities

IFR US ECM Calendar

| Robert Sherwood

Week of March 23: Salspera (US, biotech) ─ $90.7m IPO. 5.7m shares (Primary) at $14-$16. KGSW. Nasdaq "TKVA".

March 25: Liberty Energy (US, energy storage) – $450m 6y cvt marketed at 0%-0.5%, up 27.5%-32.5%. GS, JPM. Capped call.

March 26: Forgent Power Solutions (US, digital infrastructure equipment) ─ $1.1bn FO. 30m shares (Primary, Secondary) versus $35.78 at launch. GS, JEFF, MS. Affiliates of Neos are the selling shareholders.

March 31: HMH (US, oilfield services) – $231.4m IPO. 10.5m shares (Primary) at $19-$22. JPM, PS, EVER, CITI, DNB, STFL. Nasdaq “HMHW”. JV of Baker Hughes and Akastor.

Topics

Equity Capital Structured Equity Initial Public Offerings (IPO) ABBs and Block Trades Marketed Follow-Ons Americas North America United States US Dollar

Issuers

Salspera, LLC HMH Holdings Inc Forgent Power Solutions Inc Liberty Energy Inc (LBRT.N)