Secondaries announced 6.21.2016

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: Planet Fitness, Inc.
Symbol: PLNT
Price: Last trade $19.49
Trade Date: 6/23
Shares: 10 million
Underwriter(s) J.P. Morgan, BofA Merrill Lynch, Jefferies, Guggenheim Securities
Co Manager(s) Baird, William Blair, Credit Suisse, Piper Jaffray, Cowen & Co.
Rating=Subscription Needed

Company: QEP Resources
Symbol: QEP
Price: Last trade $19.32
Description: Re-offer range $18.35-$18.95
Trade Date: 6/22
Shares: 20 million
Underwriter(s) J.P. Morgan,Deutsche Bank, Wells Fargo, BMO Capital Markets
Rating=Subscription Needed