Secondaries announced 11.30.2016

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: Penn National Gaming-BLOCK
Symbol: Penn
Price: Last trade $13.27
Description: Re-offer range $12.70-$12.85
Trade Date: 12/1
Shares: 7 million
Underwriter(s)Morgan Stanley
Rating=Subscription Needed

Company: Xencor, Inc.
Symbol: XNCR
Price: Last trade $25.56
Description: No re-offer range available
Trade Date: 12/1
Shares: 3.9 million
Underwriter(s)Leerink Partners
Rating=Subscription Needed