IFR US ECM Pricings
Arxis (US, aerospace and defense) ─ $1.13bn IPO. 40.5m shares (Primary) at $28.00 versus $25-$28 marketing. GS, MS, JEFF. Nasdaq "ARXS". Upsized from 37.7m shares. Capital International, Capital Research Global, Janus Henderson and T Rowe Price indicated for $400m combined of the offering. 5% DSP.
Madison Air Solutions (US, industrial) ─ $2.23bn IPO. 82.7m shares (Primary) at $27.00 versus $25-$27 marketing. GS, BARC, JEFF, WF. NYSE “MAIR”. Morgan Stanley Investment Management, Durable Capital and HRTG indicated for $525m combined of the offering. Founder Larry Gies purchased $100m of Class B shares through concurrent private placement.
Southern First Bancshares (US, bank) ─ $56.7m ABB. 1.05m shares (Primary) at $54.00 versus $53.00-$54.50 marketing and $58.87 last sale. PS. Wall cross.