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: 2U, Inc.
Symbol: TWOU
Price: Last trade $38.51
Trade Date: 9/25
Shares: 3.1 million
Underwriter(s) Goldman Sachs, Credit Suisse, Needham & Co.
Co Manager(s) Oppenheimer & Co., Pacific Crest Securities, Baird & Co., Barrington, Compass Point, First Analysis
Rating=Subscription Needed
Company: Paylocity Holding Corporation
Symbol: PCTY
Price: Last trade $31.98
Trade Date: 9/25
Shares: 3.74 million
Underwriter(s) Deutsche Bank, BofA Merrill Lynch, William Blair & Co., Stifel
Co Manager(s) JMP Securities, Raymond James, Needham & Co., First Analysis
Rating=Subscription Needed
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