{"id":3174,"date":"2017-10-13T17:20:54","date_gmt":"2017-10-13T21:20:54","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3174"},"modified":"2017-10-13T17:20:54","modified_gmt":"2017-10-13T21:20:54","slug":"weekly-secondary-review-10917-101317","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/weekly-secondary-review-10917-101317\/","title":{"rendered":"Weekly Secondary Review: 10\/9\/17 – 10\/13\/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 10 secondary offerings came to market and IPO Boutique placed BUY ratings on 7 of them. In all, $2.01bn was raised by companies in the secondary market this week.<\/span><\/p>\n

\"Screen<\/a><\/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 -1.0%.<\/b><\/p>\n

The last 20 IPO Boutique \u2018BUY\u2019 rated secondary offerings have produced an <\/span>average gain of 5.11%<\/b> at first trade and an <\/span>average gain of 9.88% <\/b>at the high of their first-day of trading.<\/span><\/p>\n

It was another lighter week for follow-on offerings but those that did bring their deals to market saw a bit of success. Seven of the eight IPO Boutique BUY rated deals opened above the offering price with the best being <\/span>Protagonist Therapeutics (PTGX)<\/b>, <\/span>AnaptysBio (ANAB)<\/b> and <\/span>Flexion Therapeutics (FLXN) <\/b>which opened, 3.8%, 3.4% and 3.0% above their offering prices, respectively. While these deals opened higher, the <\/span>trend<\/b> has recently been that many of these biotech follow-offerings have sold off later in the day.<\/span><\/p>\n

The largest offering of the week was <\/span>Micron Technology\u2019s (MU) <\/b>$1.2bn offering underwritten by J.P. Morgan. \u2018MU\u2019 opened 0.5% higher and didn\u2019t break its offering price until late in the afternoon — ultimately closing 1.0% below the offering price. IPO Boutique rated this large cash raise a BUY.<\/span><\/p>\n

There are currently two secondary offerings being marketed for the upcoming week, <\/span>Bluelinx Holding (BXC) <\/b>and <\/span>RumbleOn, Inc. (RMBL).<\/b><\/p>\n

\"Weekly<\/a><\/p>\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 10 secondary offerings came to market and IPO Boutique placed BUY ratings on 7 of them. In all, $2.01bn 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-3174","post","type-post","status-publish","format-standard","hentry","category-secondary-offerings"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3174","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=3174"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3174\/revisions"}],"predecessor-version":[{"id":3177,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3174\/revisions\/3177"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}