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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: Achillion Pharmaceuticals, Inc.
Symbol: ACHN
Price: Last Trade $3.69
Trade Date: 11/16
Shares: 18.36 million
Underwriter(s) : Goldman Sachs, Leerink
Description: Achillion is a science-driven, patient-focused company seeking to leverage its strengths across the continuum from discovery to commercialization in its goal of providing better treatments for people with serious diseases.
Rating = Subscription Needed
Company: Presidio, Inc.
Symbol: PSDO
Price: Last Trade $16.21
Trade Date: 11/17
Shares: 8 million
Underwriter(s) : J.P. Morgan, Citigroup, RBC Capital, Barclays, Credit Suisse, Goldman Sachs, Wells Fargo, Evercore ISI, Deutsche Bank
Co-Manager(s): Guggenheim, Apollo Global, LionTree
Description: They are a leading provider of information technology (“IT”) solutions to the middle market in North America. We enable business transformation through our expertise in IT solutions, with a specific focus on Digital Infrastructure, Cloud and Security solutions.
Rating = Subscription Needed
Company: Everbridge, Inc.
Symbol: EVBG
Price: Last Trade $29.58
Trade Date: 11/16
Shares: 0.65 million
Underwriter(s) : BofA Merrill Lynch, Credit Suisse
Co-Managers: Stifel, Pacific Crest, Canaccord, Needham, Northland Securities, Raymond James, William Blair
Description: Everbridge, Inc. operates as an enterprise software company. The Company provides applications that automate the delivery of critical information to help keep people safe and businesses running. Everbridge offers a software-as-a-service platform that deliver messaging to a large group of people during critical situations.
Rating = Subscription Needed
Note: The offering is concurrent with a $100m registered convertible notes offering.
Company: OM Asset Management plc-BLOCK
Symbol: OMAM
Price: Last Trade $15.96
Trade Date: 11/15
Shares: 6.04 million
Re-Offer Range: Subscription Needed
Underwriter(s) : Morgan Stanley
Description: OMAM is a global, multi-boutique asset management company with $235.9 billion of assets under management as of September 30, 2017.
Rating = Subscription Needed
Company: AAC Holdings, Inc. – Block
Symbol: AAC
Price: Last Trade $10.16
Trade Date: 11/15
Shares: 0.25 million
Re-Offer Range: Subscription Needed
Underwriter(s) : Raymond James
Description: They are a provider of inpatient substance abuse treatment services for individuals with drug and alcohol addiction.
Rating = Subscription Needed
Company: Genpact Limited
Symbol: G
Price: Last Trade $31.06
Trade Date: 11/15
Shares: 10 million
Re-Offer Range: Subscription Needed
Underwriter(s) : J.P. Morgan
Description: They are a global professional services firm that makes business transformation real.
Rating = Subscription Needed