Equities

IFR US ECM Calendar

 |  Robert Sherwood

Priced

Future Money Acquisition (Cayman Islands, SPAC) ─$100m IPO. 10m units (Primary) at $10.00. DBORAL. Nasdaq “FMACU”. Each unit comprises one share and one-tenth right. Future Wealth Capital. AI/blockchain technologies. 18 months. 100% in trust.

Calendar

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

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 26: Zenas BioPharma (US, biotech) ─ $75m ABB. Fixed size (Primary) marketed at $20 fixed price versus $22.16 last sale. JEFF, EVER, CITI, GUGG. Concurrent $175m six-year convertible bond. 

March 26: Zenas BioPharma (US, biotech) ─ $175m 6y cvt marketed at 2.5%-2.75%, up 30%-32.5%. JEFF, EVER, CITI, GUGG. Concurrent $75m common offering. 

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 Marketed Follow-Ons US Dollar ABBs and Block Trades Americas North America Initial Public Offerings (IPO) Structured Equity United States
Issuers
Salspera, LLC HMH Holdings Inc Forgent Power Solutions Inc Zenas Biopharma Inc (ZBIO.O)