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

ABPRO Holdings

09/05/2018 18:42

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

     ** 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 9: EZCORP  EZPW.O  (US, pawnshops) – $100m CVT. 7-yr
cvt notes, px talk 2%–2.5%, up 20%–25%. MS
    ** 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 10: Virtu Financial  VIRT.O  (US, market maker) –
$500m FO. 15m shs (100% sec) vs $33.35 last sale @ launch. JEFF,
MS
    ** 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))