Secondaries announced 7.27.2015

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: Great Western Bancorp Inc.
Symbol: GWB
Price: Last trade $24.19
Trade Date: 7/28
Shares: 12.7 million
Underwriter(s) BofA Merrill Lynch, Deutsche Bank Securities, J.P. Morgan
Co Manager(s) RBC Capital Markets, Keefe Bruyette & Woods, Macquarie Capital, Sandler O’Neill, Stephens Inc.
Rating=Subscription Needed

Company: Builders FirstSource, Inc.
Symbol: BLDR
Price: Last trade $13.39
Trade Date: 7/29
Shares: 11 million
Underwriter(s) Credit Suisse, Deutsche Bank Securities, Citigroup
Rating=Subscription Needed

Company: Benitec Biopharma Limited
Symbol: BNTC
Price: Last Trade $13.06
Description: Their ordinary shares are listed on the Australian Securities Exchange under the symbol ‘BLT’. Our ordinary shares are listed on the Australian Securities Exchange under the symbol ‘BLT’. On July 24, 2015, the closing price of our ordinary shares on the Australian Securities Exchange was A$0.895 per ordinary share, equivalent to US$13.06 per ADS based on an exchange rate of $1.00 to US$0.7299 (as published by the Reserve Bank of Australia as of July 24, 2015). For the purposes of this preliminary prospectus, the estimated initial public offering price is US$13.06 per ADS.
Trade Date: 8/5
Shares: 5 million
Underwriter(s) BMO Capital Markets
Co Manager(s) Maxim Group LLC, Roth Capital Partners
Rating=Subscription Needed

Company: Egalet Corporation
Symbol: EGLT
Price: Last trade $11.53
Trade Date: 7/28
Shares: 6.5 million
Underwriter(s) Stifel, Guugenheim Securities
Rating=Subscription Needed

Company: Cara Therapeutics Inc.
Symbol: CARA
Price: Last trade $19.77
Trade Date: 7/30
Shares: 3.3 million
Underwriter(s) Stifel, Piper Jaffray
Co Manager(s) Canaccord Genuity, Needham & Co., Janney Montgomery Scott
Rating=Subscription Needed

Company: Adeptus Health Inc.
Symbol: ADPT
Price: Last trade $106.65
Trade Date: 7/30
Shares: 2.75 million
Underwriter(s) Goldman Sachs, BofA Merrill Lynch, BMO Capital Markets
Co Manager(s) Evercore ISI, Piper Jaffray, Dougherty & Co.
Rating=Subscription Needed