April 25, 2018 / 6:18 PM / 4 months ago

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

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

** 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 25: nLight (US, semiconductors) – $81m IPO. 5.4m shs (100% prim), range $13-$15. STFL, RJ

** Apr 25: Carvana (US, online used cars) – $300m FO. 10m shs (60% prim) vs $29.96 last sale @ launch. WFS, CITI, DB

** Apr 25: Casa Systems (US, software) – $219m FO. 7.35m shs (100% sec) vs $29.80 last sale @ launch. MS, BARC

** Apr 25: Sangamo Therapeutics (US, biotech) – $200m FO. Shs TBD (100% prim) vs $17.80 last sale @ launch. BAML, JPM, COWN

** Apr 25: Eloxx Pharmaceuticals (US, biotech) – $50m FO. 5m shs (100% prim) vs $10.45 last sale @ launch. CITI, PJ

** Apr 26: DocuSign (US, e-signatures) – $607m IPO. 21.7m shs (74% prim), range $26-$28. MS, JPM. Price range increased from $24-$26

** Apr 26: Goosehead Insurance (US, insurance) – $137m IPO. 8.5m shs (100% prim), range $14-$16. JPM, BAML

** Apr 26: Smartsheet (US, software) – $163 IPO. 11.6m shs (86% prim), range $12-$14. MS, JPM, JEFF, RBC. Price range increased from $10-$12

** May 1: PermRock Royalty Trust (US, E&P royalty trust) - $131m IPO. 6.25m units (100% prim), range $19-$21. WF, GS, UBS, DB, JEFF, STIF, OPP

** May 2: Aslan Pharmaceuticals (Taiwan, biotech) – $60m IPO. 7.5m ADS (100% prim) vs adj $8.05 per ADS. LEER, PJ

** May 2: Unity Biotechnology (US, biotech) – $90m IPO. 5m shs (100% prim), range $16-$18. GS, MS, CITI, MZHO

** May 2: Inspire Medical Systems (US, medical devices) – $80m IPO. 5m shs 100% prim), range $14-$16. BAML, GS

** May 3: Carbon Black (US, cybersecurity) – $136m IPO. 8m shs (100% prim), range $15-$17. MS, JPM

** May 3: Construction Partners (US, construction) – $191 IPO. 11.25m shs (60% prim), range $15-$17. BAIRD, RJ, STPH. Nasdaq “ROAD”

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