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: Costamare Inc.
Symbol: CMRE
Price: Last trade $6.65
Description: Re-offer range $6.00-$6.10
Trade Date: 11/30
Shares: 11 million
Underwriter(s)Morgan Stanley, Wells Fargo Securities, J.P. Morgan, Citigroup, Barclays
Rating=Subscription Needed
Company: Farmland Partners Inc.
Symbol: FPI
Price: Last trade $11.84
Description: Re-offer $11.25-$11.35
Trade Date: 11/30
Shares: 3.1 million
Underwriter(s)Baird, Stifel, Janney Montgomery Scott, Wunderlich
Rating=Subscription Needed
Company: Hyatt Hotels Corporation-BLOCK
Symbol: H
Price: Last trade $52.77
Description: Re-offer range $50.95-$51.45
Trade Date: 11/30
Shares: 6 million
Underwriter(s)BofA Merrill Lynch
Rating=Subscription Needed