IPO Boutique Announces a Secondary — 5.18.16

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:         Tesla Motors
Symbol:            TSLA
Price:                Last trade $211.17
Trade Date:       5/20
Shares:             $2 billion or est. 9.5 million shares
Underwriter(s)    Morgan Stanley, Goldman Sachs & Co., Deutsche Bank Securities, Citibank, BofA Merrill Lynch
Rating=Subscription Needed

 

Company:         Gaming and Leisure Properties — BLOCK
Symbol:            GLPI
Price:                Last trade $32.97
Description: Re-Offer range $31.65-$32.25
Trade Date:       5/19
Shares:             10.5 million
Underwriter(s)    BofA Merrill Lynch, J.P. Morgan, Wells Fargo Securities
Rating=Subscription Needed

 

Company:         Kornit Digital
Symbol:            KRNT
Price:                Last trade $9.10
Description: Re-Offer range $8.00-$8.35
Trade Date:       5/19
Shares:             1.7 million
Underwriter(s)    Barclays
Rating=Subscription Needed

 

Company:         Builders FirstSource — BLOCK
Symbol:            BLDR
Price:                Last trade $10.93
Description: Re-Offer range $10.50-$10.60
Trade Date:       5/19
Shares:             13.26 million
Underwriter(s)    Credit Suisse, Deutsche Bank Securties
Rating=Subscription Needed

 

Company:         VWR Corporation
Symbol:            VWR
Price:                Last trade $28.61
Description: Re-Offer range $27.45-$27.75
Trade Date:       5/19
Shares:             8 million
Underwriter(s)    J.P. Morgan, Barclays
Rating=Subscription Needed