IFR US ECM Calendar
PRICINGS
KPET Ultra Paceline (Cayman Islands, SPAC) ─ $200m IPO. 20m units (Primary) at $10.00. DB. NYSE “KPET.U”. Each unit comprises one share and one-sixth warrant. Karl Peterson. Not defined. 24 months. 100% in trust.
CALENDAR
March 31: HMH (US, oilfield services) – $231.4m IPO. 10.5m shares (Primary) at $19-$22. JPM, PS, EVER, CITI, DNB, STFL. Nasdaq “HMHW”. A portion of proceeds being used to repurchase 4.2m shares from Baker Hughes and Akastor for $40.5m.
March 31: Service Properties Trust (US, hospitality REIT) ─ $500m FO. Fixed size (Primary) versus $1.79 at launch. YORK, JONES. Wall cross. Backed with $150m of indications of interest from Helix Partners and RMR Group, plus incremental support from members of the management team.