{"id":3630,"date":"2018-01-05T14:46:18","date_gmt":"2018-01-05T19:46:18","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3630"},"modified":"2018-01-05T16:13:01","modified_gmt":"2018-01-05T21:13:01","slug":"weekly-secondary-performance-recap-1-5-18","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/weekly-secondary-performance-recap-1-5-18\/","title":{"rendered":"Weekly Secondary Performance Recap (1.5.18)"},"content":{"rendered":"

IPO BOUTIQUE<\/strong>\u00a0is one of the few syndicate services that provides ratings on all secondary offerings (Spots, blocks, marketed). We use our database of historical performances, underwriter trends and more than 40 years playing the syndicate service to give our clients a leg up. We meticulously keep records of our ratings. If interested please click below to inquire or email: JZell@IPOBoutique.Com<\/em><\/p>\n

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

This past week <\/span>10 secondary offerings<\/b> came to market and IPO Boutique placed BUY ratings on 4 of them. In all, $5.3bn 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 1.1%<\/b><\/p>\n

The average gain of IPO Boutique <\/span>Neutral<\/b> rated offerings this week at <\/span>first trade was -0.2%.<\/b><\/p>\n

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

The last 20 IPO Boutique \u2018BUY\u2019 rated secondary offerings have produced an <\/span>average gain of 2.12%<\/b> at first trade and an <\/span>average gain of 7.68% <\/b>at the high of their first-day of trading.<\/span><\/p>\n

Equity capital markets eased into the New Year with a handful of offerings including a few block trades. <\/span><\/p>\n

The best deal this week was <\/span>CRISPR Therapeutics (CRSP)<\/b> underwritten by <\/span>Goldman Sachs, Piper Jaffray and Barclays. The deal opened at $23.58 or 3.6% above the $22.75 offering price. But within minutes it was evident that CRSP was going to trade very well. This biotech deal squeezed all the way to $28.50 or 25.3% above the offering price for an excellent return. <\/span><\/p>\n

The other marketed bio offering this week, <\/span>Atara Biotherapeutics (ATRA)<\/b>, opened 4.1% above the offering price but failed to hold its gains. ATRA closed the session -1.4% vs. its offering price. IPO Boutiuqe rated both CRSP and ATRA as BUYs.<\/span><\/p>\n

The largest deal this week was a $2.5bn offering from <\/span>Sempra Energy<\/b> (SRE) underwritten by Morgan Stanley, RBC Capital and Barclays. The deal priced with just a 0.4% discount to its $107.43 last trade (priced at $107.00) and opened at $108.84 for a gain of 1.7%. IPO Boutique rated this deal a BUY.<\/span><\/p>\n

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

\"WeeklySecondaryPerformanceReport.1.5.18\"<\/a><\/p>\n

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

IPO BOUTIQUE\u00a0is one of the few syndicate services that provides ratings on all secondary offerings (Spots, blocks, marketed). We use our database of historical performances, underwriter trends and more than 40 years playing the syndicate service to give our clients a leg up. We meticulously keep records of our ratings. If interested please click below[…]<\/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-3630","post","type-post","status-publish","format-standard","hentry","category-secondary-offerings"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3630","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=3630"}],"version-history":[{"count":3,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3630\/revisions"}],"predecessor-version":[{"id":3635,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3630\/revisions\/3635"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}