Secondaries announced 9.6.2016

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: Proteostasis Therapeutics
Symbol: PTI
Price: Last trade $15.24
Trade Date: 9/9
Shares: 4.25 million
Underwriter(s)Leerink Partners, RBC Capital Markets, H.C. Wainwright & Co., Baird
Rating=Subscription Needed

Company: Ctrip.com
Symbol: CTRP
Price: Last trade $46.90
Trade Date: 9/7
Shares: 22.5 million ADSs
Underwriter(s) Morgan Stanley, J.P. Morgan
Rating=Subscription Needed

Company: Evolent Health
Symbol: EVH
Price: Last trade $24.66
Trade Date: 9/9
Shares: 7 million
Underwriter(s) J.P. Morgan, Goldman Sachs
Co Manager(s) Wells Fargo Securities, William Blair & Co., SunTrust Robinson Humphrey, Allen & Co., Cowen & Co., Leerink Partners
Rating=Subscription Needed

Company: Avexis, Inc. [NASDAQ]
Symbol: AVXS
Price: Last Trade $37.58
Trade Date: 9/8
Shares: 4 million
Underwriter(s) Goldman Sachs & Co., Jefferies, BMO Capital Markets
Co Manager(s) Chardan
Rating=Subscription Needed

Company: Summit Midstream Partners, LP
Symbol: SMLP
Price: Last trade $24.86
Description: Re-offer range $23.20-$24.00
Trade Date: 9/7
Shares: 5.5 million
Underwriter(s) Goldman Sachs
Rating=Subscription Needed

Company: Callon Petroleum
Symbol: CPE
Price: Last trade $15.30
Description: Re-Offer Range $14.25-$14.75
Trade Date: 9/7
Shares: 23 million
Underwriter(s) Credit Suisse, J.P. Morgan
Rating=Subscription Needed

Company: Advanced Micro Devices, Inc.
Symbol: AMD
Price: Last trade $7.34
Trade Date: 9/9
Shares: 81.7 million
Underwriter(s) J.P. Morgan, Barclays, Credit Suisse, BofA Merrill Lynch, Wells Fargo, Deutsche Bank, Morgan Stanley
Rating=Subscription Needed

 

Company:      Ollie’s Bargain Outlet-BLOCK

Symbol:          OLLI

Price:              Last trade $27.21

Description:   Re-offer $26.00-$26.50

Trade Date:   9/7

Shares:          13.7 million

Underwriter(s)   J.P. Morgan, BofA Merrill Lynch

Rating=Subscription Needed