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: Blueknight Energy Partners, LP
Symbol: BKEP
Price: Last trade $6.42
Description: Re-offer range $5.80-$6.10
Trade Date: 7/21
Shares: 3 million
Underwriter(s) Wells Fargo
Rating=Subscription Needed
Company: Urstadt Biddle Properties
Symbol: UBA
Price: Last trade $24.64
Description: Re-offer range $23.70-$24.00
Trade Date: 7/21
Shares: 2.75 million
Underwriter(s) Deutsche Bank Securities
Rating=Subscription Needed
Company: BNC Bancorp
Symbol: BNCN
Price: Last trade $23.07
Description: No re-offer range available
Trade Date: 7/21
Shares: 2.4 million
Underwriter(s) Stephens, Keefe, Bruyette & Woods, Sandler O’Neill
CoManager(s) FIG Partners
Rating=Subscription Needed
Company: Fairmount Santrol
Symbol: FMSA
Price: Last trade $6.15
Description: Re-offer range $5.75-$6.15
Trade Date: 7/21
Shares: 25 million
Underwriter(s) Morgan Stanley, Wells Fargo, Barclays
Rating=Subscription Needed