IFR's upcoming US IPOs, follow-ons + convertibles

ABPRO Holdings

08/05/2018 18:30

Near term pipeline of notable IPOs, follow-ons and convertible
offerings, from IFR and other sources:

    ** May 8: Evelo Biosciences  EVLO.O  (US, biotech) – $87m
IPO. 5.1m shs (100% prim), range $15-$17. MS, COWN, BMO
    ** May 8: Origin Bancorp  OBNK.O  (US, community bank) –
$90m IPO. 3.64m shs (100% prim), range $33-$35. STPH, RJ
    ** May 8: AxoGen  AXGN.O  (US, biotech) – $85m FO. 2m shs
(100% prim) vs $43.15 last sale @ launch. JEFF, LEER
    ** May 8: Hope Bancorp  HOPE.O  (US, regional bank) – $200m
CVT. 20-yr conv notes, px talk 1.75%–2.25%, up 22.5%–27.5%. BAML
    ** May 9: AXA Equitable  EQH.N  (US, insurance) - Combined
$4.5bn IPO & CVT. $3.7bn IPO, 137.25m shs (100% sec), range
$24-$27; $750m 3-yr mand exhangeable bonds, px talk 6.75%-7.25%,
up 17.5-22.5%. MS, JPM, BARC, CITI
    ** May 9: PlayAGS  AGS.N  (US, gaming machines) – $100m FO.
4.25m shs (100% sec) vs $23.85 last sale @ file. CS, DB, JEFF,
MACQ, BAML, CITI, NMRA, STFL, STRH
    ** May 10: Abpro (US, biotech) – $64m IPO. 4m shs (100%
prim), range $14-$16. UBS, WF. Nasdaq "ABP"
    ** May 10: Huya (China, online gaming) – $180m IPO. 15m ADS
(100% prim), range $10-$12. CS, GS, UBS. NYSE "HUYA"
    ** May 10: Weight Watchers  WTW.N  (US, weight management) –
$455m FO. 6.5m shs (100% sec) vs $70.00 last sale @ launch. GS,
MS, UBS, BAML, JPM
    ** May 16: Pluralsight  PS.O  (US, software) – $248m IPO.
20.7m shs (100% prim), range $10-$12. MS, JPM, BARC, BAML

 ((RM: lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 646-223-5017))