IPO BOUTIQUE CLIENTS and IPO BOUTIQUE SECONDARY ALERTS CLIENTS received ALL this information to their inbox on a REAL TIME basis.
If having real-time alerts for secondary offerings would be an advantage to you, inquire about a subscription today!
Our Buy, Neutral or Avoid ratings of the Secondaries below are intended as a recommendation for those who buy Secondaries on a regular basis. For example, this is not to be interpreted as a Buy recommendation in the traditional sense of adding to your stock portfolio; this is a short term (usually one day or opening trade) time period. Spot secondaries or block trades due to the very short duration of announcement to trading, may take longer to “work”, and should be judged accordingly. (the key is the pricing for spots and or blocks…even more so than scheduled secondaries)
Company: American Superconductor Corporation
Symbol: AMSC
Price: Last Trade $4.85
Trade Date 5/5
Re-offer Range: Subscription Needed
Shares: 3.1 million
Underwriter(s) Oppenheimer & Co
Rating = Subscription Needed
Company: Planet Fitness, Inc.-BLOCK
Symbol: PLNT
Price: Last Trade $21.01
Trade Date 5/5
Re-Offer Range: Subscription Needed
Shares: 16.1 million
Underwriter(s) JP Morgan
Rating = Subscription Needed
Company: MFA Financial, Inc.
Symbol: MFA
Price: Last Trade $8.18
Trade Date 5/5
Re-Offer Range: Subscription Needed
Shares: 20 million
Underwriter(s) Credit Suisse, Morgan Stanley
Co-Manager: JMP Securities
Rating = Subscription Needed
Company: Urban Edge Properties-BLOCK
Symbol: UE
Price: Last Trade $25.83
Trade Date 5/5
Re-Offer Range: Subscription Needed
Shares: 7.7 million
Underwriter(s) Morgan Stanley
Rating = Subscription Needed
Company: Autodesk, Inc. – Block
Symbol: ADSK
Price: Last Trade $93.25
Trade Date 5/5
Re-Offer Range: Subscription Needed
Shares: 2.2 million
Underwriter(s) Morgan Stanley
Rating = Subscription Needed
Company: Tailored Brands, Inc. – Block
Symbol: TLRD
Price: Last Trade $12.83
Trade Date 5/5
Re-Offer Range:Subscription Needed
Shares: 7.2 million
Underwriter(s) Morgan Stanley
Rating = Subscription Needed