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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: bluebird bio
Symbol: BLUE
Price: Last Trade $201.80
Trade Date: 12/13
Shares: 2.95 million ($600 milion cash raise)
Underwriter(s) : Goldman Sachs, BofA Merrill Lynch, J.P. Morgan, Cowen
Description: With its lentiviral-based gene therapies, T cell immunotherapy expertise and gene editing capabilities, bluebird bio has built an integrated product platform with broad potential application to severe genetic diseases and cancer.
Rating = Subscription Needed
Company: Blueprint Medicines Corporation
Symbol: BPMC
Price: Last Trade $88.32
Trade Date: 12/13
Shares: 3.1 million ($275 million cash raise)
Underwriter(s) : Goldman Sachs, Morgan Stanley, Cowen
Description: Blueprint Medicines is developing a new generation of targeted and potent kinase medicines to improve the lives of patients with genomically defined diseases.
Rating = Subscription Needed
Company: Acer Therapeutics, Inc.
Symbol: ACER
Price: Last Trade $14.15
Trade Date: 12/12
Shares: 0.76 million $10 million cash raise
Re-Offer Range: Subscription Needed
Underwriter(s) : William Blair
Description: They are a a pharmaceutical company focused on the acquisition, development and commercialization of therapies for patients with serious rare and ultra-rare diseases with critical unmet medical need.
Rating = Subscription Needed
Company: Oasis Petroleum, Inc.
Symbol: OAS
Price: Last Trade $10.06
Trade Date: 12/12
Shares: 32 million
Re-Offer Range: Subscription Needed
Underwriter(s) : Goldman Sachs, Credit Suisse
Description: Oasis Petroleum is an independent exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources, primarily operating in the Williston and Delaware Basins.
Rating = Subscription Needed
Company: Hyatt Hotels Corporation – Block
Symbol: H
Price: Last Trade $71.90
Trade Date: 12/12
Shares: 2.7 million
Re-Offer Range: Subscription Needed
Underwriter(s) : Morgan Stanley
Description: Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to full and select service hotels, resorts, and residential and other properties.
Rating = Subscription Needed
Company: argenx
Symbol: ARGX
Price: Last Trade $54.47
Trade Date: 12/13
Shares: 2.8 million ($150 million cash raise)
Underwriter(s) : Cowen, Piper Jaffray
Co-Manager(s): JMP Securities, Wedbush PacGrow
Description: Argenx is a clinical-stage biotechnology company developing a deep pipeline of differentiated antibody-based therapies for the treatment of severe autoimmune diseases and cancer.
Rating = Subscription Needed
Company: Unitil Corporation
Symbol: UTL
Price: Last Trade $49.78
Trade Date: 12/12
Shares: 0.6 million
Re-Offer Range: Subscription Needed
Underwriter(s): RBC Capital Markets, BofA Merrill Lynch
Janney Montgomery Scott
Description: They are a public utility holding company.
Rating = Subscription Needed
Company: GMS, Inc.-BLOCK
Symbol: GMS
Price: Last Trade $38.97
Trade Date: 12/12
Shares: 5 million
Re-Offer Range: Subscription Needed
Underwriter(s) : Morgan Stanley
Description:Founded in 1971, GMS operates a network of more than 210 distribution centers across the United States.
Rating = Subscription Needed
Company: The Providence Service Corporation — BLOCK
Symbol: PRSC
Price: Last Trade $58.26
Trade Date: 12/12
Shares: 0.32 million
Re-Offer Range: Subscription Needed
Underwriter(s) : Jefferies
Description: The Providence Service Corporation, through its subsidiaries, provides critical healthcare and workforce development services for public and private sector entities in the United States and internationally.
Rating = Subscription Needed
Company: NCI Building Systems, Inc.
Symbol: NCS
Price: Last Trade $20.60
Trade Date: 12/12
Shares: 7.15 million
Re-Offer Range:Subscription Needed
Underwriter(s) : Goldman Sachs, RBC Capital
Description: NCI Building Systems, Inc. is one of North America’s largest integrated manufacturers and marketers of metal products for the nonresidential construction industry.
Rating = Subscription Needed
Company: Iron Mountain Incorporated
Symbol: IRM
Price: Last Trade $40.70
Trade Date: 12/13
Shares: 14.5 million
Underwriter(s) : J.P. Morgan, BofA Merrill Lynch, Wells Fargo Securities, Barclays, Evercore ISI
Description: Iron Mountain Incorporated is the global leader for storage and information management services.
Rating = Subscription Needed