{"id":2358,"date":"2017-06-16T16:47:17","date_gmt":"2017-06-16T20:47:17","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=2358"},"modified":"2017-06-16T16:50:05","modified_gmt":"2017-06-16T20:50:05","slug":"secondary-offering-performance-review-week-ending-6-16-17","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/secondary-offering-performance-review-week-ending-6-16-17\/","title":{"rendered":"Secondary Offering Performance Review – Week Ending 6.16.17"},"content":{"rendered":"

SIGN UP FOR IPO BOUTIQUE’S FREE NEWSLETTER<\/a><\/span><\/h3>\n

This past week 16 secondary offerings came to market and IPO Boutique placed BUY ratings on 10 of them. This week, $1.96bn was raised by companies in the secondary market.<\/span><\/p>\n

You can Subscribe to IPO Boutique’s Secondary Only Service by clicking here<\/a>:<\/h4>\n

\"Screen<\/a><\/p>\n

The average gain of <\/span>BUY<\/b> rated offerings this week at<\/span> first trade was 2.3%<\/b><\/p>\n

The average gain of <\/span>Neutral<\/b> rated offerings this week at <\/span>first trade was 2.8%.<\/b><\/p>\n

The last 20 IPO Boutique \u2018BUY\u2019 rated secondary offerings have produced an <\/span>average gain of 1.37%<\/b> at first trade and an <\/span>average gain of 4.05% <\/b>at the high of their first-day of trading.<\/span><\/p>\n

Secondary offerings produced much better gains across the board this week than in previous weeks. A total of 14 of 16 offerings this week opened flat or above the offering price. Some of the more positive deals this week were <\/span>Adesto Technologies Corporation (Nasdaq: IOTS)<\/b>, <\/span>Genmark Diagnostics (Nasdaq: GNMK)<\/b> and <\/span>Sussex Bancorp (Nasdaq: SBBX) <\/b>which opened 6.8%, 6.4% and 2.5% above their offering prices, respectively.<\/span><\/p>\n

The largest offering this week was a marketed <\/span>Banco Macro SA (NYSE: BMA) <\/b>deal which raised $666mm. \u2018BMA\u2019 opened 2.1% higher but sold off hard on its opening day and ultimately closed 2.2% below the offering price.<\/span><\/p>\n

There is currently one secondary offering on the schedule for next week, <\/span>Blue Sphere Corporation (Nasdaq: BLSP)<\/b>. You can indicate for the ‘BLSP’ offering through the selling group, Motif.\u00a0<\/a><\/span><\/p>\n

(click to enlarge graphic below)<\/p>\n

\"Weekly<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

SIGN UP FOR IPO BOUTIQUE’S FREE NEWSLETTER This past week 16 secondary offerings came to market and IPO Boutique placed BUY ratings on 10 of them. This week, $1.96bn was raised by companies in the secondary market. You can Subscribe to IPO Boutique’s Secondary Only Service by clicking here: The average gain of BUY rated[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[35],"tags":[],"class_list":["post-2358","post","type-post","status-publish","format-standard","hentry","category-secondary-offerings"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=2358"}],"version-history":[{"count":3,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2358\/revisions"}],"predecessor-version":[{"id":2363,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2358\/revisions\/2363"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=2358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=2358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=2358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}