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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: CTI BioPharma Corp
Symbol: CTIC
Price: Last Trade $2.82
Trade Date: 2/9
Shares: 17.5 million ($50m cash raise)
Underwriter(s): Leerink Partners
Co-Manager(s): JMP Securities, Needham & Co., Oppenheimer & Co.
Description: They are a biopharmaceutical company focused on the acquisition, development and commercialization of novel targeted therapies covering a spectrum of blood-related cancers that offer a unique benefit to patients and healthcare providers.
Rating = Subscription Needed
Company: Halcon Resources Corp
Symbol: HK
Price: Last Trade $7.57
Trade Date: 2/7
Shares: 8 million
Re-Offer Range: Subscription Needed
Underwriter(s): J.P. Morgan
Description: Halcon Resources Corporation is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.
Rating = Subscription Needed
Company: SITO Mobile, Ltd.
Symbol: SITO
Price: Last Trade $5.17
Trade Date: 2/7
Shares: 2.3 million ($12.0m cash raise)
Re-Offer Range: Subscription Needed
Underwriter(s): Oppenheimer & Co., Lake Street Capital
Description: SITO turns the consumer journey into a powerful instrument for marketers, delivering actionable insights that influence behavior in real-time.
Rating = Subscription Needed
Company: JinkoSolar Holding Co.
Symbol: JKS
Price: Last Trade $20.35
Trade Date: 2/7
Shares: 3.6 million
Re-Offer Range: Subscription Needed
Underwriter(s): Credit Suisse, Barclays
Description: They are a global leader in the solar industry.
Rating = Subscription Needed
SEC Link
Company: The Simply Good Foods Company-BLOCK
Symbol: SMPL
Price: Last Trade $13.31
Trade Date: 2/7
Shares: 8.8 million
Re-Offer Range: Subscription Needed
Underwriter(s): Morgan Stanley
Description: The Simply Good Foods Company develops, markets, and sells branded nutritional foods and snack products in North America and internationally.
Rating = Subscription Needed