Secondaries Announced 6.7.17

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

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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. Spot secondaries or block trades due to the very short duration of announcement to trading, may take longer to “work”, and should be judged accordingly. (the key is the pricing for spots and or blocks…even more so than scheduled secondaries)

Company: MidSouth Bancorp, Inc.
Symbol: MSL
Price: Last Trade $14.05
Trade Date: 6/8
Re-offer Range: Subscription Needed
Shares: 3.56 million ($50m raise)
Underwriter(s) : Sandler O’ Neill + Partners
Rating = Subscription Needed

Company: CalAtlantic Group, Inc
Symbol: CAA
Price: Last Trade $35.82
Trade Date: 6/9
Shares: 10 million
Underwriter(s) : Credit Suisse, J.P. Morgan
Rating = Subscription Needed

Company: USD Partners LP-BLOCK
Symbol: USDP
Price: Last Trade $13.00
Trade Date: 6/8
Re-offer Range: Subscription Needed
Shares: 3 million
Underwriter(s) : Goldman Sachs & Co.
Rating = Subscription Needed

Company: Corcept Therapeutics Incorporated
Symbol: CORT
Price: Last Trade $12.48
Trade Date: 6/8
Re-offer Range: Subscription Needed
Shares: 3 million
Underwriter(s) : Jefferies
Rating = Subscription Needed

Company: BWX Technologies, Inc. – Block
Symbol: BWXT
Price: Last Trade $48.30
Trade Date: 6/8
Re-offer Range: Subscription Needed
Shares: 3.2 million
Underwriter(s) : Morgan Stanley
Rating = Subscription Needed

Company: Hilton Worldwide Holdings Inc.
Symbol: HLT
Price: Last Trade $66.15
Trade Date: 6/8
Re-offer Range: Subscription Needed
Shares: 15 million
Underwriter(s) : Morgan Stanley, Goldman Sachs & Co.
Rating = Subscription Needed