{"id":2685,"date":"2017-07-21T20:58:24","date_gmt":"2017-07-22T00:58:24","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=2685"},"modified":"2017-07-28T17:26:06","modified_gmt":"2017-07-28T21:26:06","slug":"weekly-secondary-performance-report-7-21-17","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/weekly-secondary-performance-report-7-21-17\/","title":{"rendered":"Weekly Secondary Performance Report (7.21.17)"},"content":{"rendered":"

You can Subscribe to IPO Boutique\u2019s Secondary Only Service by clicking here<\/a>:<\/h4>\n
\n

This past week 12 secondary offerings came to market and IPO Boutique placed BUY ratings on 8 of them. In all, $1.25bn was raised by companies in the secondary market this week.<\/span><\/p>\n

The average gain of IPO Boutique <\/span>BUY<\/b> rated offerings this week at<\/span> first trade was 1.8%<\/b><\/p>\n

The average gain of IPO Boutique <\/span>Neutral<\/b> rated offerings this week at <\/span>first trade was -0.1%.<\/b><\/p>\n

 <\/p>\n

\"IPOBoutiqueSecondaryPeformance072817\"<\/a><\/p>\n

The last 20 IPO Boutique \u2018BUY\u2019 rated secondary offerings have produced an average gain of 2.46%<\/b> at first trade and an average gain of 4.82% <\/b>at the high of their first-day of trading.<\/p>\n

This week saw a smaller number of follow-on offerings as Wall Street\u2019s overall focus was on earnings announcements of many large S&P 500 companies. The week\u2019s best deal was a biotech offering, Reata Pharmaceuticals (Nasdaq:RETA)<\/b>, underwritten by Jefferies, Leerink Partners, LLC and Stifel. \u2018RETA\u2019 opened 9.0% above the $31.00 price with a first trade of $34.00. IPO Boutique rated a BUY on this offering.<\/p>\n

The largest offering this week was an upsized deal from Sarepta Therapeutics (Nasdaq: SRPT) which raised $325m. SRPT priced its offering at $42.50 and opened at $42.84 for a gain of 0.8% at first trade.<\/p>\n

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

There is currently one offering on the schedule for next week, Eastside Distilling (Nasdaq: ESDI)<\/b>, which we currently have a Neutral rating.<\/p>\n","protected":false},"excerpt":{"rendered":"

You can Subscribe to IPO Boutique\u2019s Secondary Only Service by clicking here: This past week 12 secondary offerings came to market and IPO Boutique placed BUY ratings on 8 of them. In all, $1.25bn was raised by companies in the secondary market this week. The average gain of IPO Boutique BUY rated offerings this week[…]<\/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-2685","post","type-post","status-publish","format-standard","hentry","category-secondary-offerings"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2685","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=2685"}],"version-history":[{"count":3,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2685\/revisions"}],"predecessor-version":[{"id":2740,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2685\/revisions\/2740"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=2685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=2685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=2685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}