Secondaries announced 04.13.2016

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: Snyder’s-Lance, Inc.-BLOCK
Symbol: LNCE
Price: Last trade $31.25
Description: Re-Offer range $31.05-$31.15
Trade Date: 4/14
Shares: 470,000
Underwriter(s) Morgan Stanley
Rating=Subscription Needed

Company: Summit Materials, Inc.
Symbol: SUM
Price: Last trade $20.57
Description: Re-offer range $20.15-$20.35
Trade Date: 4/14
Shares: 10 million
Underwriter(s) Barclays
Rating=Subscription Needed