Secondaries announced 12.01.2016

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: SM Energy
Symbol: SM
Price: Last trade $40.17
Description: Re-offer range $37.50-$39.50
Trade Date: 12/2
Shares: 8 million
Underwriter(s)J.P. Morgan, BofA Merrill Lynch, Wells Fargo Securities
Rating=Subscription Needed

Company: Hoegh LNG Partners LP
Symbol: HMLP
Price: Last trade $19.15
Description: Re-offer range $17.45-$18.00
Trade Date: 12/2
Shares: 5.5 million
Underwriter(s)Citigroup, Barclays, DNB Markets, Fearnley Securities, Stifel
Rating=Subscription Needed

Company: Iberia Bank
Symbol: IBKC
Price: Last trade $84.15
Description: Re-offer range $80.00-$82.50
Trade Date: 12/2
Shares: 2.4 million
Underwriter(s)Keefe, Bruyette & Woods, Goldman Sachs
CoManager(s)Citigroup, Sandler O’Neill, Stephens Inc., UBS Investment Bank
Rating=Subscription Needed

Company: Fairmount Santrol
Symbol: FMSA
Price: Last trade $9.52
Description: No re-offer range available
Trade Date: 12/2
Shares: 15 million
Underwriter(s)Morgan Stanley
Rating=Subscription Needed