Secondaries Announced 9.5.17

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

If having real-time alerts for secondary offerings would be an advantage to you, inquire about a subscription today!

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.

Company: FS Bancorp
Symbol: FSBW
Price: Last Trade $51.44
Trade Date: 9/8
Shares: 388 thousand ($20m cash raise)
Underwriter(s) : Raymond James
Co-Manager(s): DA Davidson, FIG Partners
Rating = Subscription Needed

Company: Insmed, Inc.
Symbol: INSM
Price: Last Trade $26.99
Trade Date: 9/7
Shares: 9.3 million ($250m cash raise)
Underwriter(s) : Goldman Sachs & Co., Leerink Partners, Evercore ISI
Co-Manager(s): Stifel
Rating = Subscription Needed

Company: Kratos Defense & Security Solutions, Inc.
Symbol: KTOS
Price: Last Trade $13.81
Trade Date: 9/8
Shares: 12.5 million
Underwriter(s) : J.P. Morgan, Goldman Sachs & Co.
Rating = Subscription Needed

Company: MGM Growth Properties
Symbol: MGP
Price: Last Trade $30.68
Trade Date: 9/7
Shares: 11.5 million
Underwriter(s) : BofA Merrill Lynch, Deutsche Bank, J.P. Morgan, Evercore ISI, Morgan Stanley
Rating = Subscription Needed

Company: Independence Realty Trust
Symbol: IRT
Price: Last Trade $10.39
Trade Date: 9/7
Shares: 12.5 million
Underwriter(s) : Citigroup
Rating = Subscription Needed

Company: Triton International Limited
Symbol: TRTN
Price: Last Trade $37.36
Trade Date: 9/8
Shares: 5.4 million
Underwriter(s) : BofA Merrill Lynch, Wells Fargo Securities, RBC Capital Markets
Rating = Subscription Needed

Company: Alteryx, Inc.
Symbol: AYX
Price: Last Trade $22.80
Trade Date: 9/8
Shares: 8 million
Underwriter(s) : Goldman Sachs & Co., J.P. Morgan, BofA Merrill Lynch
Co-Manager(s): Keybanc Capital, William Blair, JMP Securities, Raymond James, Cowen & Co.
Rating = Subscription Needed

Company: GoDaddy, Inc.
Symbol: GDDY
Price: Last Trade $45.18
Trade Date: 9/6
Re-Offer Range: $44.00-$44.25
Shares: 20.05 million
Underwriter(s) : Morgan Stanley, Goldman Sachs & Co.
Rating = Subscription Needed

Company: 2U, Inc.
Symbol: TWOU
Price: Last Trade $50.62
Trade Date: 9/8
Shares: 3.15 million
Underwriter(s) : Goldman Sachs & Co., Credit Suisse
Co-Manager(s): Needham & Co., Oppenheimer & Co., Baird, Compass Point, First Analysis Securities, KeyBanc Capital
Rating = Subscription Needed