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: Banc of California Inc.
Symbol: BANC
Price: Last trade $20.76
Description: Re-offer range $19.50-$20.10
Trade Date: 5/6
Shares: 5.25 million
Underwriter(s) UBS
Rating=Subscription Needed
Company: Southern Company-BLOCK
Symbol: SO
Price: Last trade $50.62
Description: Re-offer range $48.85-$50.10
Trade Date: 5/6
Shares: 18.3 million
Underwriter(s) Citigroup, J.P. Morgan
Rating=Subscription Needed
Company: Walgreens Boots Alliance-BLOCK
Symbol: WBA
Price: Last trade $81.46
Trade Date: 5/6
Shares: 15 million
Underwriter(s) Citigroup
Rating=Subscription Needed