
| IPO Boutique Recommendations | IPO Boutique Rating | IPOs | IPOs on Target | % On Target | Average at First Trade | Average % Gain (HIGH) |
|---|---|---|---|---|---|---|
| STRONGEST BUY | 5 | 15 | 15 | 100% | 46% | 154% |
| STRONG BUY | 4 | 377 | 365 | 97% | 28% | 63% |
| MODERATE BUY | 3 | 918 | 787 | 86% | 11% | 30% |
| NEUTRAL | 2 | 808 | N/A | N/A | 2% | 16% |
| AVOID | 1 | 9 | N/A | N/A | -4% | -7% |