UPDATE 2-IFR US ECM Calendar

3 min read
Americas

Updates for Under Armour, Five9 CB launches



PRICED


Avantor (US, medical equipment) – $731.25m FO. 45m shares (100% sec) at $16.25 versus $17.00 last sale and $18.28 at launch. GS, JPM.


Becton Dickinson (US, medtech) – $1.5bn FO. 6.25m shares (100% prim) at $240.00 versus $242.99 last sale and $263.20 launch. JPM, BARC, GS, BNPP, CITI, MS, MUFG, SCOT, WF.


Becton Dickinson (US, medtech) – $1.5bn 3y mand cvt pfd priced at 6%, up 20% versus marketing at 6%-6.5% and 17.5%-22.5%. JPM, BARC, GS, BNPP, CITI, MS, MUFG, SCOT, WF.


CoStar Group (US, commercial real estate data) – $1.5bn FO. 2.29m shares (100% prim) at $665.00 versus $678.83 last sale and $674.66 at launch. GS, JPM, BOFA, CITI. Upsized from $1.25bn.


Cryoport (US, lab services) – $100m 5y cvt priced at 3%, up 15% versus marketing at 2.5%-3% and 12.5%-17.5%. SVBL, JEFF.


Fastly (US, internet services & infrastructure) – $234.3m FO. 6m shares (100% prim) at $41.50 versus $42.54 last sale and $39.05 launch. MS, CITI, BOFA, CS.


Flexion Therapeutics (US, biotech) – $75m ABB. 9.23m shares Fixed-size (100% prim) at $9.75 versus $9.25-$9.75 marketing $10.92 last sale. GS, CS. Upsized from $75m.


Keurig Dr Pepper (US, food & beverages) – $1.1bn Block. 40m shares (100% sec) at $27.25 versus $27.25-$27.50 marketing and $27.69 last sale. GS. JAB Holdings, a subsidiary of selling shareholder Maple Holdings, is purchasing 7.4m shares on the deal.


Longview Acquisition (US, SPAC) – $360m IPO. 36m units (100% prim) at $10.00. Each unit comprises one share and one-third warrant. COWN, UBS. Upsized from $300m.


Ruth's Hospitality (US, restaurants) – $43.2m Block. 5.4m shares (100% prim) at $8.00 versus $8.00-$8.25 marketing and $9.12 last sale. JEFF.

SelectQuote (US, insurance platform) – $570m IPO. 28.5m shares (prim, sec) at $20.00 versus $17-$19 marketing. CS, MS, EVER, RBC, BARC, CITI, JEFF. Upsized from 25m shares.


scPharmaceuticals (US, biotech) – $50m ABB. 5.78m shares (100% prim) at $8.65 versus $10.83 last sale. JEFF, SVBL, BMO. Upsized from $40m.


CALENDAR


May 21: Boston Scientific (US, medical equipment) – $750m FO. Fixed-size (100% prim) versus $37.18 at launch. JPM, BOFA.


May 21: Boston Scientific (US, medical equipment) – $750m mandatory convertible preferred marketed at 6%-6.5% div, up 17.5%-22.5%. JPM, BOFA.


May 21: Five9 (US, software) – $650m 5y cvt marketed at 0.125%-0.625%, up 30%-35%. JPM, GS, MS.


May 21: Inari Medical (US, medical devices) – $131.9m IPO. 7.3m shares (100% prim) at $17-$18. BOFA, MS, WF. Price talk revised from $14-$16. Insider indication for up to $20m of offering.


May 21: Under Armour (US, apparel retailer) – $400m 4y cvt marketed at 1.25%-1.75%, up 27.5%-32.5%. JPM, BAML, SUNT.


Week of May 25: Foley Trasimene Acquisition (US, SPAC) – $750m IPO. 75m units (100% prim) at $10.00. Each unit comprised of one share and one-third warrant. CS, BOFA. NYSE “WPF.U”.