Secondaries announced 7.27.2016

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: Exact Sciences
Symbol: EXAS
Price: Last trade $16.82
Description: Re-offer range $15.15-$15.80
Trade Date: 7/28
Shares: 7 million
Underwriter(s) Jefferies, Robert Baird & Co, Cannaccord Genuity
Rating=Subscription Needed

Company: Argos Therapeutics, Inc.
Symbol: ARGS
Price: Last trade $6.46
Description: Re-offer $5.50
Trade Date: 7/28
Shares: 5.4 million
Underwriter(s) Stifel, JMP Securities
Rating=Subscription Needed

Company: Invuity, Inc.
Symbol: IVTY
Price: Last trade $11.37
Description: Re-offer $10.00
Trade Date: 7/28
Shares: 2.2 million
Underwriter(s) Piper Jaffray, Leerink Partners
Co Manager(s) William Blair
Rating=Subscription Needed

Company: Preferred Bank-BLOCK
Symbol: PFBC
Price: Last trade $32.30
Description: Re-offer $31.00-$31.25
Trade Date: 7/28
Shares: 650,963
Underwriter(s) Raymond James
Rating=Subscription Needed