Secondaries announced 9.27.2016

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: Independence Realty Trust
Symbol: IRT
Price: Last trade $10.61
Trade Date: 9/30
Shares: 25 million
Underwriter(s)Citigroup
Rating=Subscription Needed

Company: Foamix Pharmaceuticals Ltd.
Symbol: FOMX
Price: Last trade $9.79
Description: No re-offer range available
Trade Date: 9/28
Shares: 5.1 million
Underwriter(s)Barclays, Credit Suisse, Cowen & Co., Guggenheim Securities
Rating=Subscription Needed

Company: Array Biopharma
Symbol: ARRY
Price: Last trade $6.59
Description: $6.00-$6.50
Trade Date: 9/28
Shares: 15.2 million
Underwriter(s)J.P. Morgan, Cowen & Co.
Rating=Subscription Needed

Company: Versartis
Symbol: VSAR
Price: Last trade $13.33
Description: No re-offer range available
Trade Date: 9/28
Shares: TBD
Underwriter(s)Cowen & Co., Barclays, Piper Jaffray
Co Manager(s)Canaccord Genuity, SunTrust Robinson Humphrey
Rating=Subscription Needed