Secondaries announced 2.23.2015

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: QTS Realty Trust, Inc.
Symbol: QTS
Price: Last trade $37.65
Trade Date: 2/25
Shares: 8.7 million
Underwriter(s) Jefferies, BofA Merrill Lynch, Deutsche Bank Securities, Goldman Sachs, J.P. Morgan, KeyBanc Capital Markets, Morgan Stanley
Co Manager(s) Evercore, Stifel, Baird, PNC, SunTrust Robinson Humphrey
Rating=Subscription Needed

Company: Summit Therapeutics
Symbol: SMMT
Price: $11.54-$11.54
Description: They are a biopharmaceutical company focused on the discovery, development and commercialization of novel medicines for indications for which there are no existing or only inadequate therapies. Their ordinary shares are admitted for trading on AIM, a market operated by the London Stock Exchange plc, or AIM, under the listing code ‘SUMM’. On February 19, 2015, the last reported sale price of our ordinary shares on AIM was 1.50 pounds per share, which is equivalent to $11.54 per ADS based on an assumed exchange rate of 1.00 pound to $1.5394.
Trade Date: 3/5
Shares: 3.45 million ADS
Underwriter(s) JMP Securities, Oppenheimer & Co.
Co Manager(s) Needham & Company
Rating=Subscription Needed

Company: Xencor, Inc.
Symbol: XNCR
Price: Last trade $15.32
Trade Date: 2/25
Shares: 5.5 million
Underwriter(s) Leerink Partners
Co Manager(s) Wedbush PacGrow Life Sciences, Oppenheimer & Co.
Rating=Subscription Needed

Company: Health Care Reit
Symbol: HCN
Price: Last trade $78.68
Trade Date: 2/24
Shares: 17 million
Underwriter(s) Goldman Sachs, Barclays, UBS Investment Bank, Wells Fargo Securities
Rating=Subscription Needed

Company: Tallgrass Energy Partners, LP
Symbol: TEP
Price: Last trade $52.58
Trade Date: 2/24
Shares: 10 million
Underwriter(s) BofA Merrill Lynch, Deutsche Bank Securities, Barclays, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley, RBC Capital Markets, Wells Fargo Securities
Co Manager(s) BBVA Capital One Securities, Regions Securities
Rating=Subscription Needed

Company: Boot Barn Holdings, Inc.
Symbol: BOOT
Price: Last trade $22.27
Trade Date: 2/26
Shares: 4.5 million
Underwriter(s) J.P. Morgan, Piper Jaffray, Jefferies
Co Manager(s) Wells Fargo Securities, Baird
Rating=Subscription Needed

Company: Arista Networks, Inc.-BLOCK
Symbol: ANET
Price: Last trade $69.05
Trade Date: 2/24
Shares: 2.5 million
Underwriter(s) Morgan Stanley
Rating=Subscription Needed

Company: Q2 Holdings, Inc.
Symbol: QTWO
Price: Last trade $20.33
Trade Date: 2/27
Shares: 4.6 million
Underwriter(s) J.P. Morgan, Morgan Stanley, Stifel
Co Manager(s) Raymond James, Canaccord Genuity, Needham & Co.
Rating=Subscription Needed