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

Rubius Therapeutics

17/07/2018 18:27

Near term pipeline of notable IPOs, follow-ons and convertible
offerings, from IFR and other sources:
    
    ** Jul 17: Crinetics Pharmaceuticals  CRNX.O  (US, biotech)
– $85m IPO. 5m shs (100% prim), range $15-$17. JPM, LEER, PJ
    ** Jul 17: Rubius Therapeutics  RUBY.O  (US, biotech) –
$210m IPO. 9.53m shs (100% prim), range $20-$22. JPM, MS, JEFF,
LEER. Accelerated from Jul 18
    ** Jul 17: CalAmp  CAMP.O  (US, telecom equipment svcs) –
$200m CVT. 7-yr cvt notes, px talk 1.5%-2%, up 30%-35%. JPM, GS,
JEFF
    ** Jul 17: Encore Capital Group  ECPG.O  (US, specialty
finance) – $150m CVT. 5-yr conv notes, px talked %-4.5%, up
25%-30%. SUNT, CS
    ** Jul 17: NanoString Technologies  NSTG.O  (US,
diagnostics) –$50m FO. Shs TBD (100% prim) vs $15.10 last sale @
launch. JPM, UBS
    ** Jul 18: AFG  AFGL.N  (US, E&P equipment) – $328m IPO.
18.2m shs (30% prim), range $15-$18. GS, CS, SIMM, BARC, EVER,
UBS, WF
    ** Jul 18: Allakos  ALLK.O  (US, biotech) – $102m IPO. 6m
shs (100% prim), range $15-$17. GS, JEFF
    ** Jul 18: Constellation Pharmaceuticals  CNST.O  (US,
biotech) – $85m IPO. 5.34m shs (100% prim), range $14-$16. JPM,
JEFF, BMO
    ** Jul 18: Establishment Labs (British Virgin Islands,
medtech) – $53m IPO. 3.13m shs (100% prim), range $15-$17. JEFF,
COWN. Nasdaq "ESTA"    
    ** Jul 18: Tilray  TLRY.O  (US/Canada, medical cannabis
cultivation) – $144m IPO. 9m shs (100% prim), range $14-$16.
COWN, ROTH, NORTH. Includes Canadian offering
    ** Jul 18: First Western Financial (US, bank) - $39m IPO.
1.85m shs (81% prim), range $19-$21. KBW, STEPH, SAND
    ** Jul 18: Carbonite  CARB.O  (US, data services) – $174m
FO. 4.52m shs (88% prim) vs $38.40 last sale @ launch. BARC,
JEFF, RBC
    ** Jul 18: Evolus  EOLS.O  (US, biotech) – $130m FO. 5m shs
(50% prim) vs $26.17 last sale @ launch. CNTR, MIZU
    ** Jul 18: Redfin  RDFN.O  (US, online real estate broker) –
$200m combined FO & CVT. 3.5m shs (100% prim) vs $23.99 last
sale @ launch. $125m 5-yr cvt notes, px talk 1.75%-2.25%, up
27.5%-32.5%. GS, BAML, RBC
    ** Jul 19: Replimune (US, biotech) – $107m IPO. 6.7m shs
(100% prim), range $14-$16. JPM, LEER, BMO. Nasdaq "REPL"
    ** Jul 24: Bloom Energy (US, fuel cells) – $270m IPO. 18m
shs (100% prim), range $13-$15. JPM, MS, CS, KEYB, BAML. NYSE
"BE"
    ** Jul 25: Aurora Mobile  JG.O  (China, mobile apps) − $126m
IPO. 12m ADSs (100% prim), range $8.50-$10.50. GS, CS, DB
    ** Jul 25: Berry Petroleum  BRY.O  (US, E&P) – $319m IPO.
18.75m shs (65% prim), range $15-$17. GS, WF, BMO, EVER, UBS
    ** Jul 25: Cango (China, car e-commerce) – $150m IPO. 12.5m
ADSs (100% prim), range $10-$12. MS, BAML, GS. NYSE "CANG"
    ** Jul 25: Focus Financial Partners  FOCS.O  (US, financial
services) – $630m IPO. 16.2m shs (100% prim), range $35-$39. GS,
BAML, KKR, BMO, RBC, SUNT
    ** Jul 25: Liquidia Technologies  LQDA.O  (US, biotech) –
$55m IPO. 4.5m shs (100% prim), range $10-$12. JEFF, COWN
    ** Jul 25: Tenable  TENB.O  (US, cybersecurity) – $175m IPO.
9.2m shs (100% prim), range $17-$19. MS, JPM, ALLN, DB
    ** Jul 25: Pinduoduo (China, e-commerce) – $1.63bn IPO.
85.6m ADSs (100% prim), range $16-$19. CS, GS, CICC, CREN.
Nasdaq "PDD"
    ** Jul 26: Endava (UK, tech services) – $106m IPO. 5.6m ADSs
(51% prim), range $17-$19. MS, CITI, CS, DB. NYSE "DAVA"
    ** Jul 26: Opera Ltd  OPRA.O  (Norway, internet browser) –
$115m IPO. 9.6m ADSs (100% prim), range $10-$12. CICC, CITI

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