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: American Equity
Symbol: AEL
Price: Last trade $29.18
Trade Date: 8/7
Shares: 8.6 million
Underwriter(s) RBC Capital Markets, J.P. Morgan, Citigroup, FBR Capital Markets, Raymond James, SunTrust Robinson Humphrey
Co Manager(s) Sandler O’Neill
Rating=Subscription Needed
Company: Dermira, Inc.
Symbol: DERM
Price: Last trade $22.46
Trade Date: 8/6
Shares: 3.75 million
Underwriter(s) Leerink Partners, Cowen & Co., Guggenheim Securities
Co Manager(s) Needham & Co.
Rating=Subscription Needed
Company: Medical Properties Trust
Symbol: MPW
Price: Last trade $13.47
Trade Date: 8/6
Shares: 43.75 million
Underwriter(s) Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, Barclays, Credit Agricole CIB, Credit Suisse, KeyBanc Capital Markets
Rating=Subscription Needed
Company: RSP Permian, Inc.
Symbol: RSPP
Price: Last trade $22.76
Trade Date: 8/5
Shares: 8.6 million
Underwriter(s) Goldman Sachs
Rating=Subscription Needed
Company: Retail Opportunity Investments Corp.
Symbol: ROIC
Price: Last trade $17.11
Trade Date: 8/5
Shares: 4.5 million
Underwriter(s) Citigroup, J.P. Morgan
Rating=Subscription Needed
Company: PG&E
Symbol: PCG
Price: Last trade $51.99
Trade Date: 8/5
Shares: 6.8 million
Underwriter(s) Wells Fargo Securities
Rating=Subscription Needed
Company: Benefitfocus, Inc.
Symbol: BNFT
Price: Last trade $40.24
Trade Date: 8/7
Shares: 2.7 million
Underwriter(s) Goldman Sachs, Deutsche Bank, Jefferies
Rating=Subscription Needed