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: Southern Company
Symbol: SO
Price: Last trade $50.96
Description: Re-offer range $49.56-$50.00
Trade Date: 8/17
Shares: 32.5 million
Underwriter(s) Barclays, Goldman Sachs, Morgan Stanley, Wells Fargo
Rating=Subscription Needed
Company: INC Research Holdings, Inc.
Symbol: INCR
Price: Last trade $45.38
Description: Re-offer $43.34
Trade Date: 8/17
Shares: 4.5 million
Underwriter(s) Credit Suisse
Rating=Subscription Needed