Secondaries announced 03.07.2016

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: Hutchison China MeditTech Limited
Symbol: HCM
Price: Last trade $16.33
Description: Their ordinary shares have been listed on the AIM market of the London Stock Exchange since May 19, 2006 under the symbol “HCM.” Recently quoted at $16.33 per ADS.
Trade Date: Wk of 3/14
Shares: 6.1 million
Underwriter(s) BofA Merrill Lynch, Detusche Bank Securities
Co Manager(s) Stifel, Canaccord Genuity, Panmure Gordon & Co., CITIC CLSA
Rating=Subscription Needed

Company: BioLight Life Sciences Ltd.
[Symbol: BOLT
Price: Last trade $6.49
Description: Their ordinary shares currently trade on the Tel Aviv Stock Exchange, or TASE, under the symbol ‘BOLT’. On February 24, 2016, the closing price of their ordinary shares on the TASE was NIS 29.78, or $6.49 per share (based on an exchange rate of 3.89 as reported by the Bank of Israel on such date and as adjusted for our expected 1-for-25 reverse split).
Trade Date: Week of 3/7
Shares: 1.8 million
Underwriter(s) Feltl and Company, Rodman & Renshaw
Rating=Subscription Needed

Company: TransUnion
Symbol: TRU
Price: Last trade $25.96
Trade Date: 3/9
Shares: 15.65 million
Underwriter(s) Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Deutsche Bank, RBC Capital Markets, Wells Fargo Securities, Credit Suisse
Co Manager(s) Evercore, Stifel, Drexel Hamilton, Loop Capital Markets
Rating=Subscription Needed

Company: Matador Resources Company
Symbol: MTDR
Price: Last trade $19.82
Trade Date: 3/8
Shares: 5 million
Underwriter(s) RBC Capital Market
Rating=Subscription Needed

Company: PDC Energy
Symbol: PDCE
Price: Last trade $52.11
Trade Date: 3/8
Shares: 4 million
Underwriter(s) BofA Merrill Lynch, J.P. Morgan
Rating=Subscription Needed

Company: Wingstop Inc.
Symbol: WING
Price: Last trade $25.22
Trade Date: 3/9
Shares: 5 million
Underwriter(s) Morgan Stanley, Jefferies, Baird, Goldman Sachs, Barclays, Wells Fargo
Rating=Subscription Needed