Secondaries announced 4.20.2016

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: Ring Energy
Symbol: REI
Price: Last trade $6.80
Description: Re-Offer range $5.50-$5.75
Trade Date: 4/21
Shares: 7.25 million
Underwriter(s) SunTrust Robinson Humphrey, Seaport Global Securities
Rating=Subscription Needed

Company: Independence Contract Drilling
Symbol: ICD
Price: Last trade $4.91
Trade Date: 4/21
Shares: 8 million
Underwriter(s) Morgan Stanley, Johnson Rice & Co.
Rating=Subscription Needed