Secondaries announced 7.12.2016

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: GW Pharmaceuticals PLC
Symbol: GWPH
Price: Last trade $97.10
Description: Re-offer range $90.00-$93.00
Trade Date: 7/13
Shares: 1.5 million
Underwriter(s) Morgan Stanley, BofA Merrill Lynch, Goldman Sachs, Cowen & Co., Piper Jaffray
Rating=Subscription Needed

Company: The Michaels Companies, Inc.
Symbol: MIK
Price: Last trade $28.88
Description: Re-offer range $27.85-$28.00
Trade Date: 7/13
Shares: 11 million
Underwriter(s) Morgan Stanley
Rating=Subscription Needed