{"id":3791,"date":"2018-01-26T16:14:34","date_gmt":"2018-01-26T21:14:34","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3791"},"modified":"2018-01-26T16:16:15","modified_gmt":"2018-01-26T21:16:15","slug":"weekly-secondary-performance-recap-1-26-18","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/weekly-secondary-performance-recap-1-26-18\/","title":{"rendered":"Weekly Secondary Performance Recap (1.26.18)"},"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 of syndicate experience 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>20 secondary offerings<\/b> came to market and IPO Boutique placed BUY ratings on 17 of them. In all, $2.39bn 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 5.3%<\/b><\/p>\n

The average gain of IPO Boutique <\/span>Neutral<\/b> rated offerings this week at <\/span>first trade was 4.7%. <\/b><\/p>\n

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

It should be noted that one of the three Neutral rated offerings, <\/span>Strongbridge Biopharma (SBBP)<\/b>, highly skewed the average rating. The Cantor Fitzgerald underwritten offering- bucked a recent trend and outperformed to the tune of 9.6% higher at first trade. It should be noted that SBBP traded down in the session and closed just 3.0% above the offering price.<\/span><\/p>\n

The last 20 IPO Boutique \u2018BUY\u2019 rated secondary offerings have produced an <\/span>average gain of 3.6%<\/b> at first trade and an <\/span>average gain of 8.4% <\/b>at the high of their first-day of trading.<\/span><\/p>\n

Secondary offerings continued in numbers and followed through with very impressive gains. Fourteen of the 20 offerings this week were from the healthcare sector and those offerings overwhelmingly outperformed. <\/span><\/p>\n

Some of the stronger deals this week included <\/span>Rocket Pharmaceuticals (RCKT) <\/b>and <\/span>Iovance Biotherapeutics (IOVA)<\/b> with gains of 16.7% and 10.4% at first trade. It should be noted that these two…along with <\/span>Audentes Therapeutics (BOLD), ConforMIS (CFMS) and Rapid7 (RPD) <\/b>closed 10% or more above their respective offering prices.<\/span><\/p>\n

The largest deal this week was a $300m offering from Keefe Bruyette and Woods, Union Bankshares (UBSH). The bank opened 0.3% above its offering price and closed 0.4% higher.<\/span><\/p>\n

There is currently one secondary offering on the schedule for next week, Blink Charging Co. You can purchase this offering through the selling group, Motif.<\/p>\n

\"Screen<\/a>\"WeeklySecondaryPerformance.1.26.18\"<\/a><\/p>\n

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 <\/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 of syndicate experience to give our clients a leg up. We meticulously keep records of our ratings. If interested please click below to[…]<\/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-3791","post","type-post","status-publish","format-standard","hentry","category-secondary-offerings"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3791","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=3791"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3791\/revisions"}],"predecessor-version":[{"id":3796,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3791\/revisions\/3796"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}