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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.
Company: Marinus Pharmaceuticals
Symbol: MRNS
Price: Last Trade $4.01
Trade Date: 9/15
Shares: 7.5 million ($30m raise)
Re-Offer Range: Subscription Needed
Underwriter(s) : JMP Securities
Rating = Subscription Needed
Company: T2 Biosystems, Inc.
Symbol: TTOO
Price: Last Trade $6.08
Trade Date: 9/15
Shares: 2.5 million
Re-Offer Range: Subscription Needed
Underwriter(s) : Canaccord Genuity, Cantor Fitzgerald
Co-Manager(s): Janney Montgomery Scott, JonesTrading, WBB Securities
Rating = Subscription Needed
Company: First Internet Bancorp
Symbol: INBK
Price: Last Trade $31.05
Trade Date: 9/15
Shares: 1.3 million ($40m cash raise)
Re-Offer Range: Subscription Needed
Underwriter(s) : Keefe Bruyette & Woods,
Co-Manager(s): FIG Partners, Hovde Group
Rating = Subscription Needed
Company: Cummins Inc. – Block
Symbol: CMI
Price: Last Trade $166.68
Trade Date: 9/15
Shares: 1.78 million
Re-Offer Range: Subscription Needed
Underwriter(s) : Jefferies, Nomura
Rating = Subscription Needed
Company: Quintiles IMS – Block
Symbol: Q
Price: Last Trade $95.45
Trade Date: 9/15
Shares: 9 million
Re-Offer Range: Subscription Needed
Underwriter(s) : Goldman Sachs & Co.
Rating = Subscription Needed