Update 1: IFR US ECM Pricings
Ambiq Micro (US, semiconductors) ─ $83.1m FO. 2.7m shares (Primary, Secondary) at $31.00 versus $33.02 last sale and $33.02 at launch. BOFA, UBS, NEED, STFL. Upsized from 2.2m shares.
Archimedes Tech SPAC Partners III (US, SPAC) - $200m IPO. 20m units (Primary) at $10.00. BTIG. Nasdaq “ARCIU”. Each unit comprises one share and one-fourth warrant. Long Long. Technology. 24 months. 100% in trust.
EquipmentShare.com (US, industrial equipment rental) ─ $747.3m IPO. 30.5m shares (Primary) at $24.50 versus $23.50-$25.50 marketing. GS, WF, UBS, CITI, GUGG. Nasdaq "EQPT". 1% DSP. Shoe is entirely secondary. Insight Venture Partners is among the selling shareholders.
Helix Acquisition III (Cayman Islands, SPAC) ─$150m IPO. 15m shares (Primary) at $10.00. DBORAL. Nasdaq “HLXC”. Upsized from $125m. Stock-only structure (no warrants). Cormorant. Life sciences. 24 months. 100% in trust.
International Tower Hill Mines (Canada, gold mining) ─ $65m ABB. 29.3m shares (Primary) at $2.22 versus $2.22 fixed price marketing and $2.44 last sale. BMO. Upsized from $60m. Wall cross. Concurrent $40m private placement with Paulson & Co.
Legato Merger IV (US, SPAC) - $200m IPO. 20m units (Primary) at $10.00. BTIG. NYSE. “LEGOU”. Each unit comprises one share and one-third warrant. Gregory Monahan. Undefined. 24 months. 100% in trust.
NovaGold Resources (US, gold mining) ─ $300m Bought deal. 30m shares (Primary) at $10.00 fixed price versus $10.49 last sale. BMO, RBC, SCOT. Upsized from 20m shares. Backed with $140m of upfront demand from a European institution.
Praetorian Acquisition (Cayman Islands, SPAC) ─ $220m IPO. 22m units (Primary) at $10.00. CLST. Nasdaq “PTORU”. Each unit comprises one share and one-third warrant. Justin Di Rezze. Healthcare. 24 months. 100% in trust.