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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.
Company: Adamas Pharmaceuticals, Inc.
Symbol: ADMS
Price: Last Trade $40.79
Trade Date: 1/24
Shares: 2.1 million ($85m cash raise)
Underwriter(s): BofA Merrill Lynch, Leerink, Evercore ISI
Description: Adamas is a pharmaceutical company committed to developing and commercializing products and product candidates for the treatment of chronic neurological disorders.
Rating = Subscription Needed
Company: Stemline Therapeutics, Inc.
Symbol: STML
Price: Last Trade $14.25
Trade Date: 1/24
Shares: 3.7 million
Underwriter(s): J.P. Morgan, Cowen and Company
Description: Stemline Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing novel oncology therapeutics.
Rating = Subscription Needed
Company: Ultragenyx Pharmaceuticals, Inc.
Symbol: RARE
Price: Last Trade $53.39
Trade Date: 1/24
Shares: 3.3 million ($175m cash raise)
Underwriter(s): J.P. Morgan, BofA Merrill Lynch, Goldman Sachs, Cowen and Company
Description: Ultragenyx is a biopharmaceutical company committed to bringing to market novel products for the treatment of rare and ultra-rare diseases, with a focus on serious, debilitating genetic diseases.
Rating = Subscription Needed
Company: Jamba, Inc. — Block
Symbol: JMBA
Price: Last Trade $9.14
Trade Date: 1/23
Shares: 2.1 million
Re-Offer Range: Subscription Needed
Underwriter(s): Morgan Stanley
Description: Jamba, Inc., through its subsidiary, Jamba Juice Company, owns, operates, and franchises Jamba Juice stores. Its restaurants provide specialty food and beverage offerings, such as whole fruit smoothies, fresh squeezed juices and juice blends, and whole fruit and soymilk or fresh Greek yogurt, as well as various food items, including hot oatmeal, hot beverages, breakfast wraps, sandwiches, Artisan Flatbreads, baked goods, and snacks.
Rating = Subscription Needed