Secondaries announced 01.24.2017

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: Horizon Global Corporation
Symbol: HZN
Price: Last trade $20.89
Trade Date: 1/27
Shares: 3.5 million
Underwriter(s)Wells Fargo, J.P. Morgan, BofA Merrill Lynch, BMO Capital Markets
Rating=Subscription Needed

Company: Mercury Systems, Inc.
Symbol: MRCY
Price: Last trade $34.07
Trade Date: 1/27
Shares: 5 million
Underwriter(s)Citigroup Global Markets, BofA Merrill Lynch, J.P. Morgan
Rating=Subscription Needed

Company: Patterson-UTI Energy
Symbol: PTEN
Price: Last trade $27.00
Description: Re-offer range $25.95-$26.45
Trade Date: 1/25
Shares: 14.8 million
Underwriter(s)Goldman Sachs, BofA Merrill Lynch, Scotia Howard Weil, Wells Fargo
Rating=Subscription Needed

Company: The Michaels Companies-BLOCK
Symbol: MIK
Price: Last trade $21.78
Description: Re-offer $21.50
Trade Date: 1/25
Shares: 8 million
Underwriter(s)BofA Merrill Lynch
Rating=Subscription Needed

Company: The Liberty Media Group-BLOCK
Symbol: LMCK
Price: Last trade $29.42
Description: Re-offer range $28.85-$29.15
Trade Date: 1/25
Shares: 1.3 million
Underwriter(s)UBS Investment Bank
Rating=Subscription Needed

Company: Newtek Business Services Inc.
Symbol: NEWT
Price: Last trade $16.25
Description: No re-offer range available
Trade Date: 1/25
Shares: 1.5 million
Underwriter(s)Keefe, Bruyette & Woods, Inc., Raymond James, UBS
Rating=Subscription Needed