September 14, 2017 / 12:08 AM / a year ago

IFR Americas ECM Pipeline

Sept 13, 2017 - PRICED First Data Corp (US, payments provider) – $1.51bn FO. 85m shares (100% sec) at $17.75 versus $18.41 last sale and $18.85 launch. BAML, CITI, KKR. Tremont Mortgage Trust (US, Mortgage REIT) - $50m IPO. 2.5m shares (100% prim) at $20.00, inline with fixed-price marketing. UBS, CITI, RBC. Nasdaq “TRMT”. Downsized from 4.5m shares. NEAR-TERM CALENDAR September 13 (PM): Social Capital Hedosophia (US, SPAC) – $500m IPO. 50m units (100% prim) at $10 each. CS. Each unit consists of one Class A shares and one-third of a warrant with each warrant exercisable at $11.50 a share. September 13 (PM): Epizyme (US, biotech) - $120m ABB. Fixed size (100% prim) at $15.25-$15.75 versus $15.95 at launch. MS, JEFF, LEER. September 14 (AM): Performance Food (US, food distribution) – $145m Block. 5m shares (100% sec) at $28.40-$29.00 versus $29.40 last sale. BARC. September 14 (AM): US Foods (US, food distribution) – $1.1bn Block. 40m shares (100% sec) at $27.50-$27.60 versus $28.01 last sale. JPM, MS. September 14 (AM): William Lyon Homes (US, homebuilder) – $80.6m Block. 3.32m shares (100% sec) at $24.05-$24.25 versus $24.79 last sale. CS. September 14: Array Biopharma (US, biotech) - $175m FO. Fixed size (100% prim) versus $10.53 at launch. JPM, COWN. September 14: Azul (Brazil, airline) – $346m FO. 13.5m ADSs/40.6m preferred (100% sec) launched at $25.55/R$26.44. CITI, DB, ITAU. September 14: Fibra Hotel (Mexico, REIT) – MXP4bn ($225m) FO fixed-size. BBVA, EVER, GS, UBS, BANN. 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: (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: 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 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 ADS(100% prim)at $19-$21. MS, CITI, WF. NYSE “OMP”. 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. NEW FILINGS

Howard Midstream Partners (US, MLP) – $200m IPO. Terms TBD (prim/sec). BARC, RBC, TPH, BAML, CITI, MFUG, STRH, WF. NYSE "HMP". (The daily IFR US ECM Briefing covers US, Canadian and LatAM IPOs, secondary and convertible offerings. For trial info:; Reporting By Robert Sherwood)

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