{"id":3081,"date":"2017-09-29T19:42:26","date_gmt":"2017-09-29T23:42:26","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3081"},"modified":"2017-09-29T19:42:26","modified_gmt":"2017-09-29T23:42:26","slug":"weekly-secondary-review-92517-92917","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/weekly-secondary-review-92517-92917\/","title":{"rendered":"Weekly Secondary Review: 9\/25\/17 – 9\/29\/17"},"content":{"rendered":"

You can Subscribe to IPO Boutique\u2019s Secondary Only Service by clicking here<\/a>:<\/h4>\n
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This past week 14 secondary offerings came to market and IPO Boutique placed BUY ratings on 7 of them. In all, $3.8bn was raised by companies in the secondary market this week.<\/p>\n

\"WeeklyPerformance092917\"<\/a><\/p>\n

The average gain of IPO Boutique BUY rated offerings this week at first trade was 1.1%The average gain of IPO Boutique Neutral rated offerings this week at first trade was 0.3%.<\/p><\/div>\n

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The last 20 IPO Boutique \u2018BUY\u2019 rated secondary offerings have produced an average gain of 2.47% at first trade and an average gain of 5.95% at the high of their first-day of trading.<\/div>\n
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It was another consistent, but less of a frenetic week, with fourteen offerings spaced out nicely throughout the week. The best deal this week was the Cloudera (CLDR)<\/b> offering which opened 5.5% above the offering price. This was a welcome sign given that Cloudera was a 2017 IPO and two other recent 2017 IPOs that did follow-ons under-performed (Floor & Decor, Alteryx). Two other offerings that had successful secondary offerings this week were Catalent (CTLT) and Grupo Financiero Galicia S.A. (GGAL) which opened up 1.4% and 2.0%, respectively. IPO Boutique placed BUY ratings on all three of these deals.<\/p>\n

The largest offering this week was a \u00a0$1.01bn block from Hilton Worldwide Holdings (HLT). The offering, underwritten by Goldman Sachs, priced at $69.20 and opened at $68.95. IPO Boutique placed a Neutral rating on the HLT deal.<\/p>\n

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

\"09.29.17<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

You can Subscribe to IPO Boutique\u2019s Secondary Only Service by clicking here: This past week 14 secondary offerings came to market and IPO Boutique placed BUY ratings on 7 of them. In all, $3.8bn 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":[1],"tags":[],"class_list":["post-3081","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3081","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=3081"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3081\/revisions"}],"predecessor-version":[{"id":3084,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3081\/revisions\/3084"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}