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: Education Realty Trust
Symbol: EDR
Price: Last trade $35.91
Trade Date: 11/3
Shares: 6.5 million
Underwriter(s) BofA Merrill Lynch, KeyBanc Capital Markets, RBC Capital Markets
Rating=Subscription Needed
Company: LendingTree
Symbol: TREE
Price: Last trade $121.36
Trade Date: 11/6
Shares: 8.5 million
Underwriter(s) BofA Merrill Lynch, RBC Capital Markets, SunTrust Robinson Humphrey
Co Manager(s) Guggenheim Securities, Needham & Co., Stephens, Inc.
Rating=Subscription Needed
Company: Revance Therapeutics, Inc.
Symbol: RVNC
Price: Last trade $39.17
Trade Date: 11/4
Shares: 3.25 million
Underwriter(s) Cowen & Co., Piper Jaffray, Guggenheim Securities
Co Manager(s) William Blair & Co., SunTrust Robinson Humphrey
Rating=Subscription Needed
Company: Evercore Partners Inc.
Symbol: EVR
Price: Last trade $54.00
Trade Date: 11/5
Shares: 5.46 million
Underwriter(s) Mizuho Securities, Evercore ISI
Rating=Subscription Needed
Company: Cancer Genetics, Inc.
Symbol: CGIX
Price: Last trade $6.50
Trade Date: 11/6
Shares: 2.3 million
Underwriter(s) Joseph Gunner, Feltl, Axiom
Rating=Subscription Needed
Company: Ardmore Shipping Corporation
Symbol: ASC
Price: Last trade $14.79
Trade Date: 11/3
Shares: 4 million
Underwriter(s) Morgan Stanley, Clarksons Platou Securities AS
Rating=Subscription Needed
Company: Sun Communities, Inc.
Symbol: SUI
Price: Last trade $67.88
Trade Date: 11/3
Shares: 3.25 million
Underwriter(s) BofA Merrill Lynch, Citigroup, BMO Capital Marktets, RBC Capital Markets
Co Manager(s) Baird, Fifth Third Securities, BTIG, PNC Capital Markets, Ramirez & Co., Comerica Securities
Rating=Subscription Needed