Secondaries announced 12.08.2016

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: Recro Pharma, Inc.
Symbol: REPH
Price: Last trade $6.99
Trade Date: 12/13
Shares: 5.7 million
Underwriter(s)Piper Jaffray
Rating=Subscription Needed

Company: Valley National Bancorp
Symbol: VLY
Price: Last trade $11.96
Description: No Re-offer range available
Trade Date: 12/9
Shares: 8.4 million
Manager(s) Keefe, Bruyette & Woods
Rating=Subscription Needed

Company: USA Compression
Symbol: USAC
Price: Last trade $18.01
Description: No re-offer range available
Trade Date: 12/9
Shares: 4.5 million
Underwriter(s)J.P. Morgan, UBS Investment Bank, Wells Fargo Securities
Co Manager(s)Raymond James, RBC Capital Markets, Ladenburg Thalmann, MUFG
Rating=Subscription Needed

Company: Pure Storage, Inc.-BLOCK
Symbol: PSTG
Price: Last trade $12.33
Description: Re-offer $12.15
Trade Date: 12/9
Shares: 1.7 million
Underwriter(s)Morgan Stanley
Rating=Subscription Needed

Company: Iridex Corporation
Symbol: IRIX
Price: Last trade $15.51
Description: No re-offer available
Trade Date: 12/9
Shares: TBD
Underwriter(s)Roth Capital Partners
Rating=Subscription Needed