IPO Boutique Research, Color & More Information for Subscribers
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[…]
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 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[…]
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[…]
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[…]
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[…]
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,[…]
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[…]
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[…]
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[…]
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
Mauser Group B.V. was expected to go public on Thursday and raise roughly $265mm if its 12.6mm offering was priced at the mid-point of the $20-$22 range. Instead, the PE firm, Clayton, Dubilier & Rice (CD&E), decided to sell the supplier of industrial rigid packaging products and reconditioning services to Stone Canyon Industries for an all-cash transaction of[…]
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: Coherus Biosciences Symbol: CHRS Price: Last trade $26.65 Description: Re-offer range $24.00-$25.00 Trade Date: 2/8 Shares: 4.7 million Underwriter(s)J.P. Morgan, Citigroup,[…]
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: Antero Midstream Partners LP Symbol: AM Price: Last trade $33.89 Description: Re-offer range $33.20-$33.55 Trade Date: 2/7 Shares: 5 million Underwriter(s)Barclays,[…]
Snap, Inc. made its grand S-1 entrance on Thursday (2/2) with an official filing with the SEC. Talking heads instantly dissected the 200+ page document–everything from its financials to its user growth averages and ending with a potential valuation question. If we had to describe the filing in one word…it would be “aggressive”. There’s a lot to digest, breakdown and[…]
NEW FILINGS Company: Hamilton Lane Incorporated Symbol: HLNE Price: TBD Description: They are a global private markets investment solutions provider with approximately $40 billion of assets under management and approximately $274 billion of assets under advisement. Trade Date: TBD Shares: TB Underwriter(s): J.P. Morgan, Morgan Stanley Co Manager(s): Goldman Sachs & Co., Keefe Bruyette &[…]
SUBSCRIBE TO IPOBoutique’s Free Weekly Newsletter Ramaco Resources (Nasdaq: METC) — ‘METC’ priced 6mm shares at the midpoint of the range, $13.50. Kimbell Royalty Partners (NYSE: KRP) — ‘KRP’ priced 5mm shares at $18.00 — or $1.00 below the range. The initial range for this deal was $19-$21. IC Power Pte (NYSE: ICP) — According[…]
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: Neos Therapeutics Symbol: NEOS Price: Last trade $5.80 Description: Re-offer $5.00 Trade Date: 2/3 Shares: 5 million Underwriter(s)Cowen & Co., BMO[…]
