{"id":4155,"date":"2018-04-13T15:10:37","date_gmt":"2018-04-13T19:10:37","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4155"},"modified":"2018-04-13T15:11:01","modified_gmt":"2018-04-13T19:11:01","slug":"weekly-secondary-performance-recap","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/weekly-secondary-performance-recap\/","title":{"rendered":"Weekly Secondary Performance Recap"},"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>9 secondary offerings<\/b> came to market in another light week and IPO Boutique placed<\/span> BUY<\/b> ratings on <\/span>7<\/b> of them. In all, $5.1bn 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 1.4%<\/b><\/p>\n

The average gain of IPO Boutique <\/span>Neutral<\/b> rated offerings this week at <\/span>first trade was 0.5%.\"WeeklySecondaryPerformance.4.13.18\" <\/b><\/p>\n

The last 20 IPO Boutique \u2018BUY\u2019 rated secondary offerings have produced an <\/span>average gain of 2.4%<\/b> at first trade and an <\/span>average gain of 7.0% <\/b>at the high of their first-day of trading.<\/span><\/p>\n

It was a light week in terms of quantity as just nine deals came to market. This was after the previous week saw just ten secondary offerings. This week, however, saw one of the largest secondary offerings in recent years. <\/span>Hilton Worldwide Holdings (HLT)<\/b> priced 60.0mm shares at $73.00 to raise $4.38bn. The deal opened at $77.39 for a gain of 6.0% at first trade. HLT traded as high as $80.35 before closing the session at $79.61 for a gain of 9.1%. IPO Boutique rated the deal a BUY.<\/span><\/p>\n

Two other offerings that performed well out of the gates were <\/span>Triumph Bancorp (TBK) and Novavax Inc (NVAX)<\/b> which has gains of 2.4% and 6.7% at first trade, respectively. It should be noted that the one-day marketed deal from Morgan Stanley, Exela Technologies (XELA), severely underperformed. The deal priced at $5.00 vs. last trade of $5.06 and opened at $4.70 for a loss of 6.0% at first trade. <\/span><\/p>\n

There are currently no secondary offerings on the schedule for next week.<\/span><\/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-4155","post","type-post","status-publish","format-standard","hentry","category-secondary-offerings"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4155","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=4155"}],"version-history":[{"count":2,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4155\/revisions"}],"predecessor-version":[{"id":4158,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4155\/revisions\/4158"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}