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: Citizens Financial Group, Inc.
Symbol: CFG
Price: Last trade $25.94
Trade Date: 7/29
Shares: 75 million
Underwriter(s) Morgan Stanley, Goldman Sachs, J.P. Morgan, Citigroup, Credit Suisse, Deutsche Bank Securities, RBS, UBS Investment Bank, Wells Fargo Securities
Co Manager(s) Barclays, Keefe, Bruyette & Woods, Sandler O’Neill & Partners
Rating=Subscription Needed
Company: Zogenix, Inc.
Symbol: ZGNX
Price: Last trade $20.13
Trade Date: 7/30
Shares: 3.8 million
Underwriter(s) Leerink Partners, Stifel
Rating=Subscription Needed