Secondaries Announced 5.7.18

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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: AxoGen, Inc.
Symbol: AXGN
Price: Last Trade $43.15
Trade Date: 5/9
Shares: 2 million
Underwriter(s): Jefferies, Leerink Partners
Co-Manager(s): William Blair, JMP Securities
Description: They are a global leader in developing and marketing innovative surgical solutions for peripheral nerves.
Rating = Subscription Needed

Company: Spire, Inc.
Symbol: SR
Price: Last Trade $71.10
Trade Date: 5/8
Re-offer Range: Subscription Needed
Shares: 2 million
Underwriter(s): Wells Fargo, Credit Suisse, RBC Capital
Description: They serve 1.7 million homes and businesses, making them the fifth-largest publicly traded natural gas company in the country.
Rating = Subscription Needed

Company: Weight Watchers International, Inc.
Symbol: WTW
Price: Last Trade $70.00
Trade Date: 5/11
Shares: 6.5 million
Underwriter(s): Goldman Sachs, Morgan Stanley, UBS, BofA Merrill Lynch, J.P. Morgan
Co-Manager(s): Citigroup, KeyBanc Capital, SunTrust Robinson
Description: Weight Watchers is a global wellness company and the world’s leading commercial weight management program.
Rating = Subscription Needed

Company: PlayAGS, Inc.
Symbol: AGS
Price: Last Trade $23.85
Trade Date: 5/10
Shares: 4.25 million
Underwriter(s): Credit Suisse, Deutsche Bank, Jefferies, Macquarie Capital, BofA Merrill Lynch, Citigroup, Nomura, Stifel, SunTrust Robinson Humphrey
Co-Manager(s): Roth Capital Partners, Union Gaming, The Williams Capital Group, Apollo Global Securities
Description: They are a leading designer and supplier of electronic gaming machines and other products and services for the gaming industry.
Rating = Subscription Needed