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: Viper Energy Partners LP
Symbol: VNOM
Price: Last trade $18.04
Trade Date: 7/27
Shares: 7 million
Underwriter(s) Credit Suisse
Rating=Subscription Needed
Company: Cedar Realty Trust, Inc.
Symbol: CDR
Price: Last trade $8.03
Description: Re-offer range $7.80-$7.90
Trade Date: 7/27
Shares: 5 million
Underwriter(s) BofA Merrill Lynch
Rating=Subscription Needed
Company: Walgreens Boots Alliance-BLOCK
Symbol: WBA
Price: Last trade $81.33
Description: Re-offer $80.55-$80.75
Trade Date: 7/27
Shares: 15 million
Underwriter(s) Morgan Stanley
Rating=Subscription Needed