Secondaries Announced 9.19.17

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.

Company: Acceleron Pharma
Symbol: XLRN
Price: Last Trade $38.97
Trade Date: 9/21
Shares: 3.9 million ($150m cash raise)
Underwriter(s) : J.P. Morgan, Citigroup, Leerink
Rating = Subscription Needed

Company: Brookfield Business Partners L.P.
Symbol: BBU
Price: Last Trade $31.08
Trade Date: 9/20
Shares: 6.67 million ($200m cash raise)
Re-Offer Range: Subscription Needed
Underwriter(s) : TD Securities, Citigroup, CIBC Capital Markets, Morgan Stanley, RBC Capital Markets
Rating = Subscription Needed
Note: Concurrent private placement of $400m.

Company: Iovance Biotherapeutics, Inc.
Symbol: IOVA
Price: Last Trade $8.55
Trade Date: 9/21
Shares: 5.9 million ($50m cash raise)
Underwriter(s) : Jefferies, Wells Fargo Securities
Co-Manager(s): Oppenheimer & Co.
Rating = Subscription Needed