{"id":2869,"date":"2017-08-18T16:24:59","date_gmt":"2017-08-18T20:24:59","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=2869"},"modified":"2017-08-18T16:25:16","modified_gmt":"2017-08-18T20:25:16","slug":"weekly-secondary-performance-week-ending-818","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/weekly-secondary-performance-week-ending-818\/","title":{"rendered":"Weekly Secondary Performance – Week ending 8\/18"},"content":{"rendered":"

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

This past week 23 secondary offerings came to market and IPO Boutique placed BUY ratings on 9 of them. In all, $3.72bn was raised by companies in the secondary market this week.<\/p>\n

The average gain of IPO Boutique BUY<\/b> rated offerings this week at first trade was 2.9%<\/b><\/p>\n

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

\"WeeklyBuyvsNeutral08182017\"<\/a><\/p>\n

The last 20 IPO Boutique \u2018BUY\u2019 rated secondary offerings have produced an average gain of 1.53%<\/b> at first trade and an average gain of 3.51% <\/b>at the high of their first-day of trading.<\/p>\n

It was another week of active follow-on offering activity with steady flow all week long.<\/p>\n

The best offering this week among companies raising more than $50m was an Atlantic Capital Bancshares (ACBI)<\/b> offering underwritten by Keefe Bruyette & Woods. KBW gave a nice $2.05 discount to last trade, or an 11% discount, and the offering opened 7.6% above the offering price. \u00a0IPO Boutique rated a BUY on this offering.<\/p>\n

The largest offering this week was a $1.01bn deal from Energy Transfer Partners (ETP) <\/b>underwritten by Barclays. ETP opened 0.9% above the offering price but closed 0.2% below on its offering day. IPO Boutique rated this offering as \u2018Neutral\u2019. It should be noted the disappointing performance of a handful of blocks this week — especially those that debuted Thursday. Acadia Healthcare (ACHC) <\/b>and Financial Engines (FNGN) <\/b>closed their sessions 7.6% and 4.8% below their offering prices respectively.<\/p>\n

There are currently no secondary offerings on the schedule for the upcoming week.<\/p>\n

\"WeeklySecondaryPerformanceReport081817\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

You can Subscribe to IPO Boutique\u2019s Secondary Only Service by clicking here: This past week 23 secondary offerings came to market and IPO Boutique placed BUY ratings on 9 of them. In all, $3.72bn 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-2869","post","type-post","status-publish","format-standard","hentry","category-secondary-offerings"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2869","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=2869"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2869\/revisions"}],"predecessor-version":[{"id":2872,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/2869\/revisions\/2872"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=2869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=2869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=2869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}