Secondaries announced 6.7.2016

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: Flexion
Symbol: FLXN
Price: Last trade $16.09
Description: Re-offer $13.75-$14.25
Trade Date: 6/8
Shares: 3.7 million
Underwriter(s) Wells Fargo Securities, RBC Capital Markets, BMO Capital Markets
Rating=Subscription Needed

Company: Dermira, Inc.
Symbol: DERM
Price: Last trade $30.21
Description: Re-offer $28.00
Trade Date: 6/8
Shares: 3.3 million
Underwriter(s) Leerink Partners, Cowen & Co., Guggenheim Securities
Co Manager(s) Needham & Co.
Rating=Subscription Needed

Company: Ardmore Shipping Corporation
Symbol: ASC
Price: Last trade $9.74
Description: Re-offer range: $8.90-$9.15
Trade Date: 6/8
Shares: 7.5 million
Underwriter(s) Morgan Stanley, Evercore ISI, Stifel, ABN AMRO
Co Manager(s) DVB Capital Markets
Rating=Subscription Needed

Company: Quintiles Transnational Holdings-BLOCK
Symbol: Q
Price: Last trade $67.24
Description: Re-offer range: $66.55-$66.75
Trade Date: 6/8
Shares: 2.25 million
Underwriter(s) Morgan Stanley
Rating=Subscription Needed

Company: Suncor Energy Inc.
Symbol: SU
Price: Last trade $28.53
Description: Re-offer not available at this time
Trade Date: 6/8
Shares: 71.5 million
Underwriter(s) TD Securities, J.P. Morgan, CIBC
Rating=Subscription Needed

Company: Rice Midstream
Symbol: RMP
Price: Last trade $20.20
Description: Re-offer range $18.25-$19.00
Trade Date: 6/8
Shares: 8 million
Underwriter(s) Wells Fargo
Rating=Subscription Needed

Company: MTS Systems Corporation
Symbol: MTSC
Price: Last trade $49.56
Trade Date: 6/10
Shares: 1.5 million
Underwriter(s) J.P. Morgan, Wells Fargo
Rating=Subscription Needed