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: Affimed N.V.
Symbol: AFMD
Price: Last trade $2.15
Description: Re-offer $1.80-$1.95
Trade Date: 1/20
Shares: 10 million
Underwriter(s)BMO, Wells Fargo Securities
Rating=Subscription Needed
Company: Carolina Financial Corporation
Symbol: CARO
Price: Last trade $28.36
Description: Re-offer $28.00-$28.25
Trade Date: 1/20
Shares: 1.4 million
Underwriter(s)Raymond James, Keefe Bruyette & Woods
Co Manager(s)Stephens, Inc.
Rating=Subscription Needed
Company: Stemline Therapeutics
Symbol: STML
Price: Last trade $11.00
Description: Re-offer $10.00
Trade Date: 1/20
Shares: 3.2 million
Underwriter(s)Jefferies
Rating=Subscription Needed
Company: Abraxas Petroleum
Symbol: AXAS
Price: Last trade $2.69
Description: Re-offer $2.35-$2.50
Trade Date: 1/20
Shares: 20 million
Underwriter(s)Seaport Global Securities, Canaccord Genuity, Stephens
Rating=Subscription Needed