Secondaries announced 5.9.2016

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: Asterias Biotherapeutics, Inc.
Symbol: AST
Price: Last trade $4.33
Description: Re-offer $3.40
Trade Date: 5/10
Shares: 4 million
Underwriter(s) Raymond James
Rating=Subscription Needed

Company: Consolidated Edison
Symbol: ED
Price: Last trade $74.35
Trade Date: 5/11
Shares: 8.8 million
Underwriter(s) Barclays, BofA Merrill Lynch, Citigroup, J.P. Morgan, Mizuho Securities, Wells Fargo Securities
Rating=Subscription Needed

Company: CoreSite Realty Corporation-BLOCK
Symbol: COR
Price: Last trade $78.12
Description: Re-offer $76.90-$77.10
Trade Date: 5/10
Shares: 3 million
Underwriter(s) J.P. Morgan
Rating=Subscription Needed

Company: Zoetis Inc.-BLOCK
Symbol: ZTS
Price: Last trade $47.50
Description: Re-offer range $46.75-$47.00
Trade Date: 5/10
Shares: 16.85 million
Underwriter(s) Credit Suisse, BofA Merrill Lynch
Rating=Subscription Needed