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.
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. Spot secondaries or block trades due to the very short duration of announcement to trading, may take longer to “work”, and should be judged accordingly. (the key is the pricing for spots and or blocks…even more so than scheduled secondaries)
Company: Realty Income
Symbol: O
Price: Last trade $47.35
Trade Date: 10/2
Shares: 10 million
Underwriter(s) BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Wells Fargo Securities, RBC Capital Markets, Barclays, Goldman Sachs, UBS Investment Bank, Baird, Citigroup, Credit Suisse, Jefferies, Mizuho Securities, Raymond James, Stifel
Co Manager(s) BB&T, BNY Mellon Capital Markets, Comerica Securities, Mitsubishi UFJ, Moelis & Co., Piper Jaffray, Ramirez
Rating=Subscription Needed
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