{"id":3932,"date":"2018-02-23T17:00:59","date_gmt":"2018-02-23T22:00:59","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3932"},"modified":"2018-02-23T17:00:59","modified_gmt":"2018-02-23T22:00:59","slug":"weekly-secondary-performance-recap-ending-2-23-18","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/weekly-secondary-performance-recap-ending-2-23-18\/","title":{"rendered":"Weekly Secondary Performance Recap (Ending 2.23.18)"},"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

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

This past week <\/span>10 secondary offerings<\/b> came to market and IPO Boutique placed<\/span> BUY<\/b> ratings on 6 of them. In all, $1.55bn 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 2.8%<\/b><\/p>\n

The average gain of IPO Boutique <\/span>Neutral<\/b> rated offerings this week at <\/span>first trade was 2.4%. <\/b><\/p>\n

The last 20 IPO Boutique \u2018BUY\u2019 rated secondary offerings have produced an <\/span>average gain of 2.64%<\/b> at first trade and an <\/span>average gain of 7.8% <\/b>at the high of their first-day of trading.<\/span><\/p>\n

It was a relatively uneventful week for the secondary market as quantity was limited due to the holiday-shortened week. The largest cash raise this week was <\/span>Shopify\u2019s (SHOP) <\/b>$657.6m cash raise by pricing 4.8m shares at $137.00. The pricing was a 4.04% discount to the $142.78 last trade at launch and the deal opened down -0.2% and traded poorly — finishing the day -3.1%.<\/span><\/p>\n

Healthcare offerings enjoyed solid debuts but most <\/span>sold off almost immediately. Ascendis Pharma A\/S (ASND), Aimmune Therapeutics (AIMT)<\/b> and<\/span> Dova Pharmaceuticals (DOVA)<\/b> opened with gains of 7.0%, 8.4% and 3.1%. The same three closed their offering days\u2019 at 4.3%, -0.1% and 1.0% vs. their respective offering prices.<\/span><\/p>\n

The strongest performer (closing price vs. offering price) of a cash raise greater than $20m was a SunTrust Robinson led deal, <\/span>Ring Energy (REI)<\/b>, which finished +4.6% vs. its $14.00 offering price. It should be noted that <\/span>Clearside Combustion (CLIR)<\/b> had a strong debut with National Securities underwriting the $11.3m offering. The deal opened +6.7% and closed +9.8% vs. its offering price and thus skewing the average of the Neutral rated deals this week.<\/span><\/p>\n

There are currently zero secondary offerings on the schedule for next week.<\/span><\/p>\n

\"WeeklySecondaryPerformance<\/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 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-3932","post","type-post","status-publish","format-standard","hentry","category-secondary-offerings"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3932","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=3932"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3932\/revisions"}],"predecessor-version":[{"id":3935,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3932\/revisions\/3935"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}