IPOBoutique.Com rates secondary offerings to hit the tape with a ‘BUY’, ‘NEUTRAL’ or ‘AVOID’ rating. Senior Managing Partner Scott Sweet maintains a track record for all secondary’s he’s issued with a ‘BUY’ rating.
Company: Coherus Biosciences
Symbol: CHRS
Price: Last trade $26.65
Description: Re-offer range $24.00-$25.00
Trade Date: 2/8
Shares: 4.7 million
Underwriter(s)J.P. Morgan, Citigroup, Cowen & Co., BMO Capital Markets
Rating=Subscription Needed
Company: AMC Entertainment
Symbol: AMC
Price: Last trade $32.47
Description: Re-offer range $31.50-$32.00
Trade Date: 2/8
Shares: 15.4 million
Underwriter(s)Citigroup, BofA Merrill Lynch
Rating=Subscription Needed
Company: Parsley Energy
Symbol: PE
Price: Last trade $33.33
Description: Re-offer $30.75-$32.00
Trade Date: 2/8
Shares: 36 million
Underwriter(s)Morgan Stanley, Credit Suisse, RBC Capital Markets, UBS Investment Bank, Scotiabank, J.P. Morgan
Rating=Subscription Needed
Company: Galena Biopharma
Symbol: GALE
Price: Last trade $1.40
Description: Re-offer range is not available
Trade Date: 2/8
Shares: 10.7 million
Underwriter(s)Canaccord Genuity
Rating=Subscription Needed
Company: Golar LNG Partners
Symbol: GMLP
Price: Last trade $24.54
Description: Re-offer range $23.00-$23.50
Trade Date: 2/8
Shares: 4.5 million
Underwriter(s)Morgan Stanley
Rating=Subscription Needed