SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter Hamilton Lane Incorporated (Nasdaq: HLNE) — The IPO priced 11.9mm shares at $16.00 and will debut on Wednesday. Other: IPO Boutique Track Record in February 2017
02.28.2017 Secondaries Announcement
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: Ameris Bancorp Symbol: ABCB Price: Last Trade $48.30 Trade Date: 3/1 Shares: 1.55 million Re-offer=Subscription Needed Underwriter(s) Stephens Inc. and Keefe,[…]
February 2017 IPO Track Record Recap
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter The IPO market was active for the first half of February but then deals came to a screeching halt. Eleven total deals set terms yet only seven came to market. This included the $1.54bn cash raise from Invitation Homes which was the largest cash raise since First Data Corporation[…]
02.27.2017 Secondary Announcement-p.m.
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: Hudson Pacific Properties, Inc. Symbol: HPP Price: Last Trade $36.65 Trade Date: 2/28 Shares: 8.5 million Re-offer=Subscription Needed Underwriter(s) BofA Merrill[…]
Snap, IPO market, step into the spotlight this week
Snap Inc. and it’s $3bn cash raise is in the IPO on deck circle. The high-profile “camera company” (as they call themselves in their prospectus) is offering 200mm shares at a range of $14-$16 which would value the company between $19.5bn and $22.2bn. The cash raise would be the third largest offering in the last three[…]
02.23.2017 Secondary Announcement
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: Hi-Crush Partners LP Symbol: HCLP Price: Last trade $20.55 Re-offer: Subscription Needed Trade Date: 2/24 Shares: 20.5 million Underwriter(s)Credit Suisse, Mizuho[…]
02.22.2017 Secondary Announcement
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: Cloud Peak Energy Symbol: CLD Price: Last trade $5.68 Description: Re-offer range $5.00-$5.20 Trade Date: 2/23 Shares: 13.5 million Underwriter(s)Credit Suisse,[…]
02.21.2017 Secondary Announcement-p.m.
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: Tesoro Logistics LP Symbol: TLLP Price: Last trade $59.29 Description: Re-offer range $56.80-$58.70 Trade Date: 2/22 Shares: 5 million Underwriter(s)Citigroup, Deutsche[…]
IPO Boutique Brief – Snap judgments as roadshow begins
We probably are not the first to write this line and likely won’t be the last. Snap Inc. has begun its roadshow and thus have opened itself up to snap judgments. One of the first analysts to rate this new issue comes from across the pond, Atlantic Equities Research analyst James Cordwell set a $14 price[…]
2.21.2017 Secondary Announcement
SUBSCRIBE TO THE IPO BOUTIQUE NEWSLETTER 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: GMS, Inc. Symbol: GMS Price: Last Trade $28.92 Trade Date: 2/23 Shares: 6 million[…]
New Filings & Terms 2.17.17
NEW FILINGS Company: J. Jill, Inc. Symbol: JILL Price: TBD Description: J.Jill is a nationally recognized women’s apparel brand focused on a loyal, engaged and affluent customer in the attractive 40-65 age segment. Trade Date: TBD Shares: TBD Underwriter(s): BofA Merrill Lynch, Morgan Stanley, Jefferies Co Manager(s): Deutsche Bank Securities, RBC Capital Markets, UBS Investment[…]
02.15.2017 Secondary Announcement
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: Martin Midstream Partners L.P. Symbol: MMLP Price: Last trade $18.85 Description: Re-offer range $18.00-$18.25 Trade Date: 2/16 Shares: 2.6 million Underwriter(s)RBC[…]
02.14.2017 Secondary Announcement
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: Seacoast Banking Corporation Symbol: SBCF Price: Last trade $23.97 Description: No re-offer range available Trade Date: 2/15 Shares: 4.2 million Underwriter(s)Guggenheim[…]
IPO Boutique Brief – JP Morgan forecasts strong IPO market
The IPO market is not feeling the love in the form of official filings. But at least one major head of a top-tier firm has a special place in her heart for the prospects of the syndicate arena in 2017 and beyond. Okay — the Valentine’s day puns end there. JPMorgan’s head of global equity[…]
02.13.2017 Secondary Announcement
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: Aldeyra Therapeutics Inc. Symbol: ALDX Price: Last trade $4.75 Description: Re-offer $4.50 Trade Date: 2/14 Shares: 2.2 million Underwriter(s)Stifel, Canaccord Genuity,[…]
Sample Channel Check – Foundation Building Materials (NYSE: FBM)
New Filings — Week ending 2.10.17
NEW FILINGS Company: Azul S.A. Symbol: TBD Price: TBD Description: They are the largest airline in Brazil in terms of departures and cities served, with 784 daily departures serving 101 destinations, creating an unparalleled network of 203 non-stop routes as of December 31, 2016. Trade Date: TBD Shares: TBD Underwriter(s): Citigroup, Deutsche Bank Securities, Itau[…]
IPO Pricings – Foundation Building Materials, Clipper Realty on deck (2.9.17)
Clipper Realty (NYSE: CLPR) — The FBR led deal priced a down-sized 5.7mm shares at the low-end of the range, $13.00. The initial filing was for 7.1mm shares between 13.50-$15.50. Foundation Building Materials (NYSE: FBM) — According to the lead left underwriter, $FBM priced a 12.8mm shares at $14.00. The week’s largest offering was looking for roughly $230mm[…]
02.09.2017 Secondary Announcement-p.m.
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: BioTime Symbol: BTX Price: Last trade $3.01 Description: Re-offer $2.70-$2.75 Trade Date: 2/10 Shares: 5.7 million Underwriter(s)Raymond James & Associates Rating=Subscription[…]
02.08.2017 Secondary Announcement-p.m.
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: Sierra Oncology Symbol: SRRA Price: Last trade $1.42 Description: Re-offer $1.35 Trade Date: 2/9 Shares: 18.5 million Underwriter(s)Jefferies Rating=Subscription Needed
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