Secondaries announced 11.15.2016

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: Flexion
Symbol: FLXN
Price: Last trade $20.29
Description: Re-offer range $18.00-$18.50
Trade Date: 11/16
Shares: 3 million
Underwriter(s)Wells Fargo Securities, RBC Capital Markets, BMO Capital Markets
Rating=Subscription Needed

Company: ViaSat
Symbol: VSAT
Price: Last trade $80.79
Trade Date: 11/18
Shares: 6.5 million
Underwriter(s)BofA Merrill Lynch, J.P. Morgan, Credit Suisse, Morgan Stanley
CoManager(s)B. Riley & co., Citizens Capital Markets, PJT Partners LP, SunTrust Robinson Humphrey
Rating=Subscription Needed

Company: Veritiv Corporation
Symbol: VRTV
Price: Last trade $53.10
Trade Date: 11/18
Shares: 1.57 million
Underwriter(s)BofA Merrill Lynch, SunTrust Robinson Humphrey, Wells Fargo Securities
Rating=Subscription Needed

Company: Invitae Corporation
Symbol: NVTA
Price: Last trade $8.53
Trade Date: 11/17
Shares: 4.7 million
Underwriter(s)J.P. Morgan Securities
Rating=Subscription Needed

Company: Lantheus Holdings
Symbol: LNTH
Price: Last trade $10.25
Description: Re-offer $9.30-$9.50
Trade Date: 11/16
Shares: 3 million
Underwriter(s)Credit Suisse
Rating=Subscription Needed

Company: YRC Worldwide-BLOCK
Symbol: YRCW
Price: Last trade $11.89
Description: Re-offer $11.50-$11.89
Trade Date: 11/16
Shares: 1.6 million shares
Underwriter(s)UBS
Rating=Neutral

Company: Franklin Financial Network
Symbol: FSB
Price: Last trade $35.95
Trade Date: 11/16
Shares: 1.5 million
Underwriter(s)Raymond James, Stephens, Piper Jaffray
Co Manager(s)Compass Point, FIG Partners
Rating=Subscription Needed