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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: Univest Corporation of Pennsylvania
Symbol: UVSP
Price: Last Trade $31.10
Trade Date: 11/30
Shares: 2.1 million ($65 million cash raise)
Re-Offer Range: Subscription Needed
Underwriter(s) : Keefe Bruyette & Woods
Co-Manager: Piper Jaffray
Description: Univest Corporation of Pennsylvania (UVSP), including its wholly-owned subsidiary, Univest Bank and Trust Co., has total assets of approximately $4.4 billion.
Rating = Subscription Needed
Company: US Foods Holding Corp.-BLOCK
Symbol: USFD
Price: Last Trade $28.32
Trade Date: 11/30
Shares: 39.96 million
Re-Offer Range: Subscription Needed
Underwriter(s): Morgan Stanley
Description: US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 restaurants and foodservice operators to help their businesses succeed.
Rating = Subscription Needed
Company: Limelight Networks, Inc.
Symbol: LLNW
Price: Last Trade $5.35
Trade Date: 11/30
Shares: 10 million
Re-Offer Range: Subscription Needed
Underwriter(s) : Cowen, B.Riley, FBR
Description: They are a global leader in digital content delivery, empowers customers to better engage online audiences by enabling them to securely manage and globally deliver digital content, on any device.
Rating = Subscription Needed
Company: Tribune Media Company – Block
Symbol: TRCO
Price: Last Trade $41.29
Trade Date: 11/30
Shares: 7 million
Re-Offer Range: Subscription Needed
Underwriter(s) : Morgan Stanley
Description: Tribune is home to a diverse portfolio of television and digital properties driven by quality news, entertainment and sports programming.
Rating = Subscription Needed