{"id":2794,"date":"2017-08-04T16:56:38","date_gmt":"2017-08-04T20:56:38","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=2794"},"modified":"2017-08-04T17:23:52","modified_gmt":"2017-08-04T21:23:52","slug":"weekly-secondary-performance-report-8-4-17","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/weekly-secondary-performance-report-8-4-17\/","title":{"rendered":"Weekly Secondary Performance Report (8.4.17)"},"content":{"rendered":"

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

This past week 13 secondary offerings came to market and IPO Boutique placed BUY ratings on 8 of them. In all, $2.53bn was raised by companies in the secondary market this week.<\/p>\n

The average gain of IPO Boutique BUY rated offerings this week at first trade was 0.9%<\/p>\n

The average gain of IPO Boutique Neutral rated offerings this week at first trade was 4.2%.<\/p>\n

\"IPOSecondaryBuy.vs.Neutral.Performance\"<\/a><\/p>\n

The last 20 IPO Boutique \u2018BUY\u2019 rated secondary offerings have produced an average gain of 1.31% at first trade and an average gain of 3.3% at the high of their first-day of trading.<\/p>\n

This week resulted in a smaller number of follow-on offerings for a second straight week. Among deal\u2019s that raised more than $20.0m, Chegg Inc. was the best offering of the week. The deal, which was underwritten by Morgan Stanley, BofA Merrill Lynch and Allen & Co., opened 10.3% above the $13.50 offering price. The deal traded very well during its offering day as \u2018CHGG\u2019 hit a high of $15.95 for a gain of 18.1% at top-tick. IPO Boutique placed a BUY rating on this offering. The largest offering this week was a $1.03bn deal from Transunion underwritten by J.P. Morgan, BofA Merrill Lynch and Morgan Stanley. The \u2018TRU\u2019 offering was upsized and opened with a 1.0% gain above the offering price.<\/p>\n

It should be noted that the week\u2019s results were skewed by an $8.0m offering of Intellicheck underwritten by Oppenheimer that opened 10.7% above its $2.25 offering price. IPO Boutique rated this deal a Neutral and thus with the fewer offerings this week, the results from Neutral rated deals were inflated.<\/em><\/span><\/p>\n

There are currently two offerings on the schedule for next week, Eastside Distilling (Nasdaq: ESDI)<\/strong> & Reven Housing REIT (Nasdaq: RVEN)<\/strong>.<\/p>\n

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

You can Subscribe to IPO Boutique\u2019s Secondary Only Service by clicking here: This past week 13 secondary offerings came to market and IPO Boutique placed BUY ratings on 8 of them. In all, $2.53bn 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-2794","post","type-post","status-publish","format-standard","hentry","category-secondary-offerings"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2794","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=2794"}],"version-history":[{"count":4,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2794\/revisions"}],"predecessor-version":[{"id":2806,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2794\/revisions\/2806"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=2794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=2794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=2794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}