September 18, 2017 / 2:04 PM / a month ago

IFR Americas ECM Pipeline

Sept 18, 2017 - NEAR-TERM CALENDAR September 19: Best IPO-BSTI.O (Cayman Islands/China, logistics) – $931.5m IPO. 62.1m ADSs (86.3% prim, 13.7% sec) at $13-$15. CITI, CS, GS, JPM, DB. NYSE “BSTI”. September 19: Daseke (US, transport/logistics) – $52m FO. 4.4m shares (91% prim, 9% sec) versus $12.96 last sale. STFL, COWN. September 19: Despegar.com (Argentina, online travel services) – $332m IPO. 12.77m (67% prim, 33% sec) marketed at $23-$26. MS, CITI, ITAU, UBS, COWN, KEY. NYSE “DESP”. September 19: Meritor (US, auto parts) – $300m CVT. 20y put-8 cvt with NC-8 marketed at fixed terms of 3.25%, up 60%. BNP, BAML, JPM, RBC, PNC. September 19: Zai Lab (Cayman Islands/China, biotech) – $105.8m IPO. 5.9m ADS (100% prim) at $16-$18. JPM, CITI, LEER. Nasdaq “ZLAB”. September 20: Camil Alimentos (Brazil, food processing) – R$1.72bn ($550m) IPO. 127.5m shares (32% prim, 68% sec) marketed at R$10.50-R$13.50. ITAU, BRAD, BAML, JPM, SANT. September 20: Oasis Midstream Partners (US, MLP) – $157.5m IPO. 7.5m shares (100% prim) at $19-$21. MS, CITI, WF. NYSE “OMP”. Filed confidentially 4/7/17. September 21: Secoo (Cayman Islands/China, e-commerce) – $115m IPO. 8.5m ADS (100% prim) at $11.50-$13.50. JEFF. Nasdaq ”SECO”. September 26: Grupo Financiero Galicia (Argentina, commercial bank) – $620.9m. 13.4m ADRs (100% prim) versus $47.60 filing. BAML, UBS. September 26: RYB Education (Cayman Islands/China, early childhood education) – $140m IPO. 7.8m ADSs (71% prim, 29% sec) at $16-$18. CS, MS, CICC, BNPP. NYSE “RYB”. September 27: Deciphera Pharmaceuticals (US, biotech) – $106m IPO. 6.3m shares (100% prim)at $15-$17. JPM, PJ. September 27: Roku (US, streaming devices) ­– $219m IPO. 15.7m shares (100% prim)at $12-$14. MS, CITI, ALLEN, RBC. September 27: Magazine Luiza (Brazil, e-commerce) – R$1.9bn ($600m) FO. 24m shares (73% prim, 27% sec) launched at R$78.30. BAML, BTG, JPM, ITAU, CS, BRAD, SANT, BB. September 27: Nightstar Therapeutics (UK, biotech) – $80.4m IPO. 5.4m shares (100% prim) at $13-$15. JEFF, LEER, BMO. Existing investors have indicated interested in purchasing $25m of ADSs. September 27: Sigma Alimentos (Mexico, Food distributor) – MXP18.5bn ($1bn) IPO. 619.5m shares (100% sec) at MXP23.00–29.00. CITI, JPM, BAML, GS. September 28: Tivit (Brazil, IT services) – R$1.8bn ($580m) IPO. 30.9m shares (100% sec) at R$43.00–$51.00. CS, ITAU, BRAD, BTG, JPM, SANT. NEW FILINGS: CarGurus (US, mobile car search platform) – $100m IPO. Terms TBD (prim, sec). GS, ALLN, RBC. Cloudera (US, cloud computing) – $175.0m FO. Terms TBD (100% sec) versus $18.38 at file. MS, JPM, ALLN. (The daily IFR US ECM Briefing covers US, Canadian and LatAM IPOs, secondary and convertible offerings. For trial info: www.ifrbriefings.com/usecm.php; Reporting By Robert Sherwood)

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