Secondaries Announced 3.5.18

IPO BOUTIQUE CLIENTS and IPO BOUTIQUE SECONDARY ALERTS CLIENTS received ALL this information to their inbox on a REAL TIME basis.

If having real-time alerts for secondary offerings would be an advantage to you, inquire about a subscription today!

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: Park Hotels & Resorts, Inc.
Symbol: PK
Price: Last Trade $24.69
Trade Date: 3/7
Shares: 32.95 million
Underwriter(s): Barclays, J.P. Morgan, UBS, Goldman Sachs, Morgan Stanley, Deutsche Bank, Credit Suisse, BofA Merrill Lynch
Description: Park is a leading lodging REIT with a diverse portfolio of hotels and resorts with significant underlying real estate value. Park’s portfolio consists of 67 premium-branded hotels and resorts with over 35,000 rooms located in prime United States and international markets with high barriers to entry.
Rating = Subscription Needed

Company: SCYNEXIS
Symbol: SCYX
Price: Last Trade $1.69
Trade Date: 3/6
Shares: 11.8 million ($20 million cash raise)
Re-Offer Range: Subscription Needed.
Underwriter(s): Guggenheim Securities
Description: SCYNEXIS is a pharmaceutical company committed to the development and commercialization of novel anti-infectives to address significant unmet therapeutic needs.
Rating = Subscription Needed
Note: Warrants attached to the offering

Company: Ares Management L.P.
Symbol: ARES
Price: Last Trade $25.25
Trade Date: 3/8
Shares: 5 million
Underwriter(s): Wells Fargo, Morgan Stanley, Credit Suisse, BofA Merrill Lynch, UBS, RBC
Description: They are a publicly traded, leading global alternative asset manager with approximately $106.4 billion of assets under management as of December 31, 2017 and 18 offices in the United States, Europe, Asia and Australia.
Rating = Subscription Needed

Company: G1 Therapeutics
Symbol: GTHX
Price: Last Trade $26.36
Trade Date: 3/8
Shares: 3 million
Underwriter(s): J.P. Morgan, Cowen
Co-Manager(s): Needham & Co., Wedbush PacGrow, BTIG
Description: They are a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of novel small molecule therapeutics for the treatment of patients with cancer.
Rating = Subscription Needed

Company: Progress Software Corporation- Block
Symbol: PRGS
Price: Last Trade $46.84
Trade Date: 3/6
Shares: 3.7 million
Re-Offer Range: Subscription Needed
Underwriter(s): Morgan Stanley
Description:Progress is a global software company.
Rating = Subscription Needed

Company: TransUnion – BLOCK
Symbol: TRU
Price: Last Trade $57.98
Trade Date: 3/6
Shares: 19.9 million
Re-Offer Range: Subscription Needed
Underwriter(s): J.P. Morgan, Morgan Stanley
Description: TransUnion is a leading global risk and information solutions provider to businesses and consumers.
Rating = Subscription Needed

Company: Centennial Resource Development Inc-BLOCK
Symbol: CDEV
Price: Last Trade $20.06
Trade Date: 3/6
Shares: 22.4 million ($450m cash raise)
Re-Offer Range: Subscription Needed
Underwriter(s): J.P. Morgan
Description: They operate as an independent oil and natural gas company in the United States.
Rating = Subscription Needed