IFR US ECM Pricings
CoreWeave (US, AI infrastructure) ─ $3.5bn 6.5y cvt priced at 1.75%, up 30% versus 1.5%-2% and 27.5%-32.5% marketing. GS, JPM, MS. Upsized from $3bn. Company spent $430.5m of proceeds on capped call to offset dilution up to $230.00, a 150% premium.
Nouveau Monde Graphite (Canada, mining) ─ $84m Bought deal. 45.6m shares (Primary) at $1.84 versus $1.84 fixed price marketing and $2.35 last sale. BMO, NBF. Concurrent $213m private placement. In US dollars.