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

Dayforce

18/04/2018 18:24

Near term pipeline of notable IPOs, follow-ons and convertible
offerings, from IFR and other sources:
    
    ** Apr 18: GrafTech International  EAF.N  (US, graphite
electrodes maker) – $906m IPO. 37.8m shs (100% sec), range
$21-$24. JPM, CS, CITI, RBC, HSBC, BMO
    ** Apr 18: Mereo BioPharma  MPHM.L  (UK, biotech) – $70m
IPO. 15.9m ordinary shs, 2.8m ADSs/4.5m ordinary shs (100% prim)
marketed off £3.17 ($17.62 per ADS) London AIM launch. COWN,
BMO, RBC
    ** Apr 18: MorphoSys  MORG.DE  (Germany, biotech) – $200m
IPO. 8.3m ADS (100% prim) marketed off €78.85 ($24.12) launch on
Frankfurt Stock Exchange. GS, JPM, LEER
    ** Apr 18: Surface Oncology  SURF.O  (US, biotech) – $90m
IPO. 6m shs (100% prim), range $13-$15. GS, COWN, EVER
    ** Apr 18: Vrio  VRIO.N  (US, digital entertainment) – $255m
IPO. 15m shs (100% prim), range $16-$17. GS, JPM, CITI, MS.
Downsized from from 29.7m shs, range $19-22
    ** Apr 18: Apellis Pharmaceuticals  APLS.O  (US, biotech) –
$150m FO. 5m shs (100% prim) vs $30.00 last sale @ launch. CITI,
JPM, COWN
    ** Apr 18: South Jersey Industries  SJI.N  (US, gas utility)
– $575m combined FO & CVT. $325m FO, Shs TBD (100% prim),
forward sale vs $30.69 last sale @ launch; $250m 3-yr mand cvt,
px talk 7%-7.5%, up 17.5%-22.5%. BAML, GUGG, WF
    ** Apr 18: Aeglea Bio Therapeutics  AGLE.O  - $40m FO. 4.5m
shs (100% prim) vs $9.42 last sale @ launch. EVER, BMO
    ** Apr 19: Pivotal Software  PVTL.N  (US, software
development) – $592m IPO. 37m shs (90% prim), range $14-$16. MS,
GS, CITI. General Electric  GE.N  selling 20 pct of holdings
    ** Apr 19: FirstCaribbean International Bank  FCIBJ.JS 
(Barbados, banking) – $240m IPO. 9.6m shs (100% sec), range
$22-$25. BARC, UBS, CIBC. Shares being sold by parent CIBC
    ** Apr 25: Ceridian HCM (US, human resources software) –
$441m IPO. 21m shs (100% prim), range $19-$21. GS, JPM, CS, DB,
BARC, CITI, JEFF, CIBC, WF. NYSE/TSX "CDAY"
    ** Apr 26: DocuSign  DOCU.O  (US, e-signatures) – $564m IPO.
21.7m shs (74% prim), range $24-$26. MS, JPM
    ** Apr 26: Goosehead Insurance  GSHD.O  (US, insurance) –
$137m IPO. 8.5m shs (100% prim), range $14-$16. JPM, BAML
    ** Apr 26: nLight  LASR.O  (US, semiconductors) – $81m IPO.
5.4m shs (100% prim), range $13-$15. STFL, RJ
    ** Apr 26: Smartsheet  SMAR.N  (US, software) – $140m IPO.
11.6m shs (86% prim), range $10-$12. MS, JPM, JEFF, RBC

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