{"id":4383,"date":"2018-06-08T16:02:14","date_gmt":"2018-06-08T20:02:14","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=4383"},"modified":"2018-06-08T16:02:14","modified_gmt":"2018-06-08T20:02:14","slug":"weekly-secondary-performance-6-8-18","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/weekly-secondary-performance-6-8-18\/","title":{"rendered":"Weekly Secondary Performance (6.8.18)"},"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>18 secondary offerings<\/b> came to market in a very busy week and IPO Boutique placed<\/span> BUY<\/b> ratings on <\/span>12<\/b> of them. In all, $5.32bn 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 4.8%<\/b><\/p>\n

The average gain of IPO Boutique <\/span>Neutral<\/b> rated offerings this week at <\/span>first trade was 0.8%.<\/b><\/p>\n

The last 20 IPO Boutique \u2018BUY\u2019 rated secondary offerings have produced an <\/span>average gain of 3.8%<\/b> at first trade and an <\/span>average gain of 6.3% <\/b>at the high of their first-day of trading. Sixteen of the 18 offerings this week opened above the offering price including all 12 that IPO Boutique rated as a BUY. Only three of the 18 offerings this week closed below their issue price on their debut day.<\/span><\/p>\n

After a previously quiet week of secondaries, this week bounced back with 18 offerings for a total of $4.3bn raised by equity capital markets in secondaries on one day alone. It was a mix of marketed deals and overnight blocks with 13 of the 18 deals pricing for a<\/span> Thursday (6.7.18) debut.<\/b><\/p>\n

The best deals of the week at first trade were<\/span> Mirati Therapeutics (MRTX)<\/b>, <\/span>Viking Therapeutics (VKTX)<\/b> and <\/span>ADMA Biologics (ADMA)<\/b> with gains of 12.7%, 10.9% and 9.8% at first trade, respectively. Mirati Therapeutics traded the best this week and closed its session +18.4% vs. the offering price marking a win for the underwriting team of <\/span>Cowen, Barclays and SunTrust Robinson.<\/span><\/p>\n

While many offerings performed well this week, there were a pair of biotech deals that struggled, <\/span>Deciphera Pharmaceuticals (DCPH)<\/b> and <\/span>Madrigal Pharmaceuticals (MDGL)<\/b>. DCPH upsized its offering and did open with a 0.4% gain at first trade but once it broke the offering price…the deal struggled badly all the way until the close finishing -10.3% and showing how dangerous high-flying biotech deals can be if broken. MDGL traded up more than 200-points (or 200%) in the previous five sessions prior to its offering and after a 1.2% gain at first trade…the deal closed at $281.06 or 7.8% below its $305 issue price.<\/span><\/p>\n

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

\"WeeklySecondaryPerformance(6.8.18)\"<\/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 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-4383","post","type-post","status-publish","format-standard","hentry","category-secondary-offerings"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4383","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=4383"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4383\/revisions"}],"predecessor-version":[{"id":4386,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/4383\/revisions\/4386"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=4383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=4383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=4383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}