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: Parsley Energy
Symbol: PE
Price: Last trade $36.67
Description: Re-offer $34.15-$35.50
Trade Date: 1/11
Shares: 20 million
Underwriter(s)Morgan Stanley, BMO, Citigroup, Wells Fargo, Scotiabank, Credit Suisse
Rating=Subscription Needed
Company: Bluerock Residential Growth, Inc.
Symbol: BRG
Price: Last trade $13.84
Description: Re-offer $13.15
Trade Date: 1/11
Shares: 4 million
Underwriter(s)Janney Montgomery Scott, Compass Point, D.A. Davidson & Co., Wunderlich
Co Manager(s)FBR, Oppenheimer & Co., Wedbush Securities
Rating=Subscription Needed
Company: Performance Food Group Company
Symbol: PFGC
Price: Last trade $24.05
Description: Re-offer range $22.85-$23.10
Trade Date: 1/11
Shares: 10 million
Underwriter(s)Goldman Sachs
Rating=Subscription Needed
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