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

Inflarx NV

03/05/2018 18:42

Near term pipeline of notable IPOs, follow-ons and convertible
offerings, from IFR and other sources:
    
    ** May 3: Carbon Black  CBLK.O  (US, cybersecurity) – $152m
IPO. 8m shs (100% prim), range $17-$19. MS, JPM. Price range
increased from $15-$17
    ** May 3: Construction Partners  ROAD.O  (US, construction)
– $191 IPO. 11.25m shs (60% prim), range $15-$17. BAIRD, RJ,
STPH
    ** May 3: BayCom (US, regional bank) – $52 IPO. 2.3m sh
(100% prim), range $21-$23. FIG, DAD. Nasdaq "BCML"
    ** May 3: Aslan Pharmaceuticals  6497.TWO  (Taiwan, biotech)
– $60m IPO. 7.5m ADS (100% prim) vs adj $8.05 per ADS. LEER, PJ.
Delayed from May 2 pricing
    ** May 3: Five9  FIVN.O  (US, cloud software) – $200m CVT.
5-yr conv notes, px talk 0%-0.125%, up 30%-35%. JPM GS
    ** May 3: Teladoc  TDOC.N  (US, telehealth) – $225m CVT.
7-yr conv notes, px talk 0.875%-1.375%, up 27.5%-32.5%. JEFF,
JPM, PJ
    ** May 3:  InflaRx  IFRX.O  (Netherlands, biotech) – $124m
FO. 3m shs (50% prim) vs $41.46 last sale @ launch. JPM, LEER,
BMO, STRH
    ** May 8: Evelo Biosciences (US, biotech) – $87m IPO. 5.1m
shs (100% prim), range $15-$17. MS, COWN, BMO. Nasdaq "EVLO"
    ** May 8: Origin Bancorp (US, community bank) – $90m IPO.
3.64m shs (100% prim), range $33-$35. STPH, RJ
    ** May 9: AXA Equitable (US, insurance) - Combined $4.5bn
IPO & CVT. $3.7bn IPO, 137.25m shs (100% sec), range $24-$27.
NYSE "EQH"; $750m 3-yr mand exhangeable bonds, px talk
6.75%-7.25%, up 17.5-22.5%. MS, JPM, BARC, CITI
    ** 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"

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