Secondaries announced 7.6.2016

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: Retail Opportunity Investments Corp.
Symbol: ROIC
Price: Last trade $22.03
Description: Re-offer range $21.00-$21.50
Trade Date: 7/7
Shares: 5.7 million
Underwriter(s) J.P. Morgan, Jefferies, KeyBanc
Rating=Subscription Needed

Company: Alexandria Real Estate
Symbol: ARE
Price: Last trade $105.33
Description: Re-offer $100.75-$103.75
Trade Date: 7/7
Shares: 6.5 million
Underwriter(s) BofA Merrill Lynch, Citigroup, J.P. Morgan
Rating=Subscription Needed