Secondaries announced 11.3.2016

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: Hannon Armstrong Sustainable Infrastructure Capital
Symbol: HASI
Price: Last trade $20.57
Description: Re-offer range $19.95-$20.15
Trade Date: 11/4
Shares: 3.5 million
Underwriter(s)BofA Merrill Lynch, Deutsche Bank Securities, Morgan Stanley, Wells Fargo Securities, Baird, Roth Capital Partners
Rating=Subscription Needed

Company: Macquarie Infrastructure
Symbol: MIC
Price: Last trade $83.15
Description: re-offer $81.90-$82.20
Trade Date: 11/4
Shares: 2.87 million
Rating=Subscription Needed

Company: Customers Bancorp
Symbol: CUBI
Price: Last trade $26.05
Description: Re-offer $25.25-$25.50
Trade Date: 11/4
Shares: 2.6 million
Underwriter(s)FBR, Keefe, Bruyette & Woods
Rating=Subscription Needed