Equities

IFR US ECM CALENDAR

 |  Robert Sherwood

August 11: DigitalOcean (US, IT services) ─ $500m 5y cvt marketed at 0%-0.5%, up 30%-35%. MS, JPM, BOFA. Capped call. 

August 11: Ligand Pharmaceuticals (US, drug royalties) ─ $400m 5y cvt marketed at 0.75%-1.25%, up 27.5%-32.5%. CITI, BOFA. Concurrent $30m share repurchase. Capped call.

August 11: Upstart (US, fintech) ─ $500m 6.5y cvt marketed at 0%-0.5%, up 27.5%-32,5%. GS, BARC, CITI. Capped call.

 August 12: Bullish (Cayman Islands, crypto exchange) ─ $990m IPO. 30m shares (Primary) at $32.00-$33.00. JPM, JEFF, CITI. NYSE “BLSH”. $200m of upfront demand from Ark Investment Management and BlackRock. Refiled from 20.3m shares at $28-$31 on 8/4. 

 August 13: Miami International (US, electronic trading) ─ $315m IPO. 15m shares (Primary) at $19-$21. JPM, MS, PS. NYSE “MIAX”. Wellington Management has indicated for $40m of the offering.

 

Topics
Equity Capital Initial Public Offerings (IPO) Americas Latin America Caribbean Cayman Islands Marketed Follow-Ons North America United States ABBs and Block Trades US Dollar
Issuers
Ligand Pharmaceuticals Inc (LGND.OQ) DigitalOcean Holdings Inc (DOCN.N) Upstart Holdings Inc (UPST.O) Miami International Holdings Inc (MIAX.N) Bullish (BLSH.N)