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: Ollie’s Bargain Outlet
Symbol: OLLI
Price: Last trade $25.52
Trade Date: 6/7
Shares: 10 million
Underwriter(s) J.P. Morgan, Jefferies, BofA Merrill Lynch
Co Manager(s) Credit Suisse, RBC Capital Markets, KeyBanc Capital Markets, Piper Jaffray
Rating=Subscription Needed
Company: Tesoro Logistics LP
Symbol: TLLP
Price: Last trade $49.35
Description: Re-offer range $46.39-$47.87
Trade Date: 6/7
Shares: 4.25 million
Underwriter(s) Barclays
Rating=Subscription Needed
Company: Bruker Corporation-BLOCK
Symbol: BRKR
Price: Last trade $26.42
Description: Re-offer $26.05
Trade Date: 6/7
Shares: 2 million
Underwriter(s) Morgan Stanley
Rating=Subscription Needed
Company: TransUnion
Symbol: TRU
Price: Last trade $33.17
Description: Re-offer range: $32.10-$32.75
Trade Date: 6/7
Shares: 15.65 million
Underwriter(s) Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Deutsche Bank
Rating=Subscription Needed