Equities

IFR US ECM Calendar

 |  Robert Sherwood

February 3: Liberty Energy (US, oilfield services) ─ $500m 5y cvt marketed at 0.25%-0.75%, up 27.5%-32.5%. GS, JPM, BOFA, WF. Capped call. Upsized to $700m with talk revised to 0%-0.25%, up 32.5%-35%.

 February 3: nLIGHT (US, lasers) ─ $150m ABB. Fixed size (Primary) marketed at $44-$45 versus $49.98 last sale. STFL, RWB, WBLR, RJ. Wall cross. 

February 3: Veradermics (US, biotech) ─ $213.6m IPO. 13.4m shares (Primary) at $14-$16. JEFF, LEER, CITI, CANT. NYSE “MANE”. Wellington Management has indicated for $30m of offering. 

February 4: Bob’s Discount Furniture (US, retail) ─ $369.6m IPO. 19.5m shares (Primary) at $17-$19. JPM, MS, RBC, UBS. NYSE "BOBS". Bain Capital is providing secondary shares for 15% greenshoe option. 

February 4: Eikon Therapeutics (US, biotech) ─ $317.7m IPO. 17.6m shares (Primary) at $16-$18. JPM, MS, BOFA, CANT, MIZU. Nasdaq "EIKN". Banks have communicated Merck has pledged to invest $30m on the offering. 

February 4: Forgent Power Solutions (US, digital infrastructure equipment) ─ $1.6bn IPO. 56m shares (Primary, Secondary) at $25-$29. GS, JEFF, MS. NYSE "FPS". Neos Partners is the selling shareholder. 

February 5: Agomab Therapeutics (Belgium, biotech) ─ $212.5m IPO. 12.5m shares (Primary) marketed at $15-$17. JPM, MS, LEER, VSK. Nasdaq “AGMB”. 

February 5: Liftoff Mobile (US, adtech) ─ $762m IPO. 25.4m shares (Primary) marketed at $26-$30. GS, JEFF, MS. Nasdaq “LFTO”. Blackstone Group and General Atlantic Partners are among the existing shareholders. 

February 5: Once Upon a Farm (US, consumer goods) – $208.9m IPO. 11m shares (Primary, Secondary) at $17-$19. GS, JPM, BOFA, WBLR. NYSE "OFRM". Public benefit corporation. 

February 5: SpyGlass Pharma (US, biotech) ─ $159.4m IPO. 9.4m shares (Primary) at $15-$17. JEFF, LEER, CITI, STFL. Nasdaq "SGP". 

February 10: AGI (Brazil, fintech) – $785.5m IPO. 43.6m shares (Primary) at $15-$18. GS, MS, CITI. NYSE “AGBK”. 

February 10: Solv Energy (US, engineering and construction) ─ $512.5m IPO. 20.5m shares (Primary) at $22-$25. JEFF, JPM. Nasdaq “MWH”.

February 11: ARKO Petroleum (US, energy) ─ $210m IPO. 10.5m shares (Primary) at $18-$20. UBS, RJ, STFL. Nasdaq “APC”. Spin off from ARKO.

Topics
Americas North America United States Equity Capital Structured Equity Initial Public Offerings (IPO) US Dollar Marketed Follow-Ons ABBs and Block Trades
Issuers
Liberty Energy Inc (LBRT.N) Veradermics Inc Bobs Discount Furniture Charitable Foundation Inc Eikon Therapeutics Inc Forgent Power Solutions Inc Agomab Therapeutics NV Liftoff Mobile Inc Once Upon A Farm PBC SpyGlass Pharma Inc Banco Agibank SA Solv Energy LLC Arko Corp. (ARKO.O) nLIGHT Inc (LASR.O)