Underwriters that were on the syndicate of three IPOs that debuted in February completed the mandatory 25-day period and are allowed to rate the stock they sold to their investors.
This includes OneWater Marine Inc (ONEW), Professional Holdings Corp (PFHD), NexPoint Real Estate Finance (NREF).
OneWater Marine priced 4.6mm shares at the low-end of the range, $12.00, and opened at $15.02 for a gain of 25.2% at first trade. ONEW closed Monday (3/2) at $15.80 or 31.7% above the issue price.
Our Rating Pre-IPO: 2
- SunTrust RH: BUY, $20 PT
- Raymond James: OUTPERFORM, $18PT
- Baird: OUTPERFORM, $22PT
Professional Holding (PFHD) has priced 3.1mm shares at a price of $18.50 and opened at $19.31 for a gain of 4.4% at first trade. PFHD closed Monday (3/2) at $18.74 or 1.3% above the issue price.
Our Rating Pre-IPO: 2
- Stephens & Co: OVERWEIGHT, $21PT
- Keefe Bruyette & Woods: Market Perform, $21PT
NexPoint Real Estate (NREF) has priced 5mm shares at a low-end price of $19.00 and opened at $19.00. NREF closed Monday (3/2) at $18.50 or 2.6% below the issue price.
Our Rating Pre-IPO: 2
- Raymond James OUTPERFORM, $21PT
- Baird; OUTPERFORM, $22PT
- Keefe Bruyette & Woods: OUTPERFORM, $20PT
English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
Spanish