July 9, 2018 / 5:08 PM / 5 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:

** Jul 9: Palo Alto Networks (US, software)– $1.5bn 5-yr cvt notes, px talk 0.5%-1%, up 27.5%-32.5%. CITI, WF

** Jul 10: Adesto Technologies (US, semiconductors) - $40m FO. Shs TBD (100% prim) vs $8.50 last sale @ launch. COWN, NEED, CANA, ROTH

** Jul 17: Crinetics Pharmaceuticals (US, biotech) – $85m IPO. 5m shs (100% prim), range $15-$17. JPM, LEER, PJ. Nasdaq “CRNX”

** Jul 18: AFG (US, E&P equipment) – $328m IPO. 18.2m shs (30% prim), range $15-$18. GS, CS, SIMM, BARC, EVER, UBS, WF. NYSE “AFGL”

** Jul 18: Allakos (US, biotech) – $102m IPO. 6m shs (100% prim), range $15-$17. GS, JEFF. Nasdaq “ALLK”

** Jul 18: Constellation Pharmaceuticals (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: Rubius Therapeutics (US, biotech) – $210m IPO. 9.53m shs (100% prim), range $20-$22. JPM, MS, JEFF, LEER. Nasdaq “RUBY”

** Jul 18: Tilray (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 24: Bloom Energy (US, fuel cells) – $270m IPO. 18m shs (100% prim), range $13-$15. JPM, MS, CS, KEYB, BAML. NYSE “BE”

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