IPO Pipeline: Two New Filings, Four Set Terms to highlight recent action

NEW FILINGS

Company: LandBridge Company LLC
Symbol: LB (NYSE)
Description: They own approximately 220,000 surface acres in and around the Delaware sub-basin in the prolific Permian Basin, which is the most active region for oil and natural gas exploration and development in the United States.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Goldman Sachs, Barclays, Wells Fargo, Citigroup, Piper Sandler, Raymond James
Co-Managers: Janney Montgomery Scott, Johnson Rice & Co., Pickering Energy Partners, Texas Capital Securities, Roberts & Ryan
Link to Prospectus: Filed: 5-31-24

Company: Tempus AI, Inc.
Symbol: TEM (Nasdaq)
Description: They endeavor to unlock the true power of precision medicine by creating Intelligent Diagnostics through the practical application of artificial intelligence, or AI, in healthcare.
Shares: TBD
Price Range: TBD
Trade Date: TBD
Underwriter(s): Morgan Stanley, J.P. Morgan, Allen & Company, BofA Securities, TD Cowen, Stifel, William Blair
Co-Managers: Loop Capital, Needham & Company
Link to Prospectus: Filed: 5-20-24

TERMS ADDED

Company: Sound Point Meridian Capital Inc.
Symbol: SPMC (NYSE)
Description: Their primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation.
Shares: 3.75 million
Price Range: $20.00-$20.00
Market Cap: TBD
Trade Date: Week of June 10
Underwriter(s): Oppenheimer, B.Riley Securities, Janney Montgomery Scott, Piper Sandler
Co-Manager(s): Clear Street, Wedbush Securities
Link to Prospectus: Terms Added: 5-29-24

Company: Gauzy Ltd.
Symbol: GAUZ (Nasdaq)
Description: They are a fully-integrated light and vision control company, transforming the way we experience our everyday environments.
Shares: 4.2 million
Price Range: $17.00-$19.00
Market Cap: $315m-$352m
Trade Date: Thursday, 6/6
Underwriter(s): Barclays, TD Cowen, Stifel, B.Riley Securities, Beech Hill Securities
Link to Prospectus: Terms Added: 5-29-24

Company: Novelis Inc.
Symbol: NVL (NYSE)
Description: They consider themselves the leading producer of innovative, sustainable aluminum solutions and the world’s largest recycler of aluminum.
Shares: 45 million
Price Range: $18.00-$21.00
Market Cap: $10.8b-$12.6b
Trade Date: Thursday, 6/6
Underwriter(s): Morgan Stanley, BofA Securities, Citigroup, Wells Fargo Securities, Deutsche Bank Securities, BMO Capital
Co-Manager(s): BNP PARIBAS, Academy Securities, Credit Agricole CIB, PNC Capital Markets, SMBC Nikko
Link to Prospectus: Terms Added: 5-28-24

Company: Waystar Holding Corp
Symbol: WAY (Nasdaq)
Description: Waystar provides healthcare organizations with mission-critical cloud software that simplifies healthcare payments.
Shares: 45 million
Price Range: $20.00-$23.00
Market Cap: $3.3b-$3.8b
Trade Date: Friday, 6/7
Underwriters: J.P. Morgan, Goldman Sachs, Barclays, William Blair, Evercore ISI, BofA Securities, RBC Capital Markets, Deutsche Bank
Co-Manager(s): Canaccord Genuity, Raymond James
Link to Prospectus: Terms Added: 5-28-24