US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

US IPOs and Secondary Offerings

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

IPOs and Secondary Offerings

Equity Capital Markets

SmartStop Self Storage REIT / Equity Capital Markets

<ul>
<li>According to our sources, the deal is multiple-times oversubscribed -- our sources stated around 5x. </li>
<li>Self-Storage was Monday's second best performing sub-sector (+1.8%) as the overall REIT sector (+0.7%) slightly outperformed the broader market.</li>
<li>While the "typical" IPO investor may not be "enthused", the timing for this type of deal "may" be ideal for yield-chasers.</li>
</ul>


According to our sources, the deal is multiple-times oversubscribed -- our sources stated around 5x. 
Self-Storage was Monday's second best performing sub-sector (+1.8%) as the overall REIT sector (+0.7%) slightly outperformed the broader market.
While the "typical" IPO investor may not be "enthused", the timing for this type of deal "may" be ideal for yield-chasers.


SmartStop Self Storage (SMA): IPO for Yield Chasers, Traditional Players on the Sidelines

Research Coverage on Small and Micro-Cap Companies, Zacks Small Cap Research

Zacks Small Cap Research

Research Coverage on Small and Micro-Cap Companies

Zacks Small Cap Research provides research coverage on small- and micro-cap companies that are “under-followed” or “under-valued” by Wall Street. We produce high quality equity research for the institutional and retail investor on microcap firms we believe are well positioned for future growth. The Zacks SCR analyst team has an average of 20 years of experience in investment research. We conduct significant due diligence in an effort to maintain the highest quality small-cap universe.

Equity Bottom-Up

<ul><li> U-Haul Holding Company is the parent company of U-Haul International, the world's largest consumer truck and trailer rental company.</li><li>U-Haul is also the third largest self-storage operator in North America.</li><li> U-Haul benefited in a leveraged manner from the increase in demand for self-moving services during the pandemic.</li></ul>

 U-Haul Holding Company is the parent company of U-Haul International, the world's largest consumer truck and trailer rental company.U-Haul is also the third largest self-storage operator in North America. U-Haul benefited in a leveraged manner from the increase in demand for self-moving services during the pandemic.

UHAL: Reports 1Q FY2025 Results: Demand for self-moving equipment rentals increases YOY after seven quarters of single-digit declines. Self-Storage continues to deliver top-line growth.

UHAL: Reports 1Q FY2024 Results: Demand for self-moving equipment rentals increases YOY after seven quarters single-digit declines. Self-Storage continues to deliver top-line growth.

UHAL: Reports Fiscal 2024 Results: Total revenues declined 4.1%

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>The S&amp;P 500, Nasdaq 100, and Russell 2000 are all holding above their respective short-term support levels and market dynamics remain positive. As a result, our outlook remains bullish and we continue to believe a “buy the dip” mentality is warranted. In today’s report we highlight attractive Groups and stocks within Services, Transportation, &amp; Utilities: Construction &amp; Engineering, Large-Cap, Auctions, Vehicle Rentals/Leasing, Electric, Southwest</p>

The S&amp;P 500, Nasdaq 100, and Russell 2000 are all holding above their respective short-term support levels and market dynamics remain positive. As a result, our outlook remains bullish and we continue to believe a “buy the dip” mentality is warranted. In today’s report we highlight attractive Groups and stocks within Services, Transportation, &amp; Utilities: Construction &amp; Engineering, Large-Cap, Auctions, Vehicle Rentals/Leasing, Electric, Southwest

U. S. Equity Strategy: Upgrading Utilities; Downgrading Communications

United States

U-Haul Holding Company operates as a holding company. The Company, through its subsidiaries, offers rental of trucks, trailers, and self storage space, as well as provides property and casualty and life insurance products. U-Haul Holding also sells boxes, tapes, and other moving and self-storage products and services to 'do-it-yourself' moving and storage customers.

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U-Haul Holding (UHAL US)

SmartStop Self Storage (SMA): IPO for Yield Chasers, Traditional Players on the Sidelines

Deal is oversubscribed 5x, self-storage is a sector that does not typically excite IPO investors. The timing of the deal may be ideal for yield...

IPO Boutique

UHAL: Reports 1Q FY2025 Results: Demand for self-moving equipment rentals increases YOY after seven quarters of single-digit declines. Self-Storage continues to deliver top-line growth.

U-Haul Holding Company is the parent company of U-Haul International, the world's largest consumer truck and trailer rental company. U-Haul is...

Zacks Small Cap Research

UHAL: Reports 1Q FY2024 Results: Demand for self-moving equipment rentals increases YOY after seven quarters single-digit declines. Self-Storage continues to deliver top-line growth.

U-Haul Holding Company is the parent company of U-Haul International, the world's largest consumer truck and trailer rental company. U-Haul is...

Zacks Small Cap Research

UHAL: Reports Fiscal 2024 Results: Total revenues declined 4.1%

U-Haul Holding Company is the parent company of U-Haul International, the world's largest consumer truck and trailer rental company. U-Haul is...

Zacks Small Cap Research

U. S. Equity Strategy: Upgrading Utilities; Downgrading Communications

We are upgrading Utilities and downgrading Communications. We recap important technical levels across major indexes and share actionable ideas...

Vermilion Research

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52-week Range

Market Cap (USDm)

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Dividend (Yield)

SmartStop Self Storage (SMA): IPO for Yield Chasers, Traditional Players on the Sidelines

​Deal is oversubscribed 5x, self-storage is a sector that does not typically excite IPO investors. The timing of the deal may be ideal for yield...

IPO Boutique

UHAL: Reports 1Q FY2025 Results: Demand for self-moving equipment rentals increases YOY after seven quarters of single-digit declines. Self-Storage continues to deliver top-line growth.

U-Haul Holding Company is the parent company of U-Haul International, the world's largest consumer truck and trailer rental company. U-Haul is...

Zacks Small Cap Research

UHAL: Reports 1Q FY2024 Results: Demand for self-moving equipment rentals increases YOY after seven quarters single-digit declines. Self-Storage continues to deliver top-line growth.

U-Haul Holding Company is the parent company of U-Haul International, the world's largest consumer truck and trailer rental company. U-Haul is...

Zacks Small Cap Research

UHAL: Reports Fiscal 2024 Results: Total revenues declined 4.1%

U-Haul Holding Company is the parent company of U-Haul International, the world's largest consumer truck and trailer rental company. U-Haul is...

Zacks Small Cap Research

U. S. Equity Strategy: Upgrading Utilities; Downgrading Communications

We are upgrading Utilities and downgrading Communications. We recap important technical levels across major indexes and share actionable ideas...

Vermilion Research

Deal is oversubscribed 5x, self-storage is a sector that does not typically excite IPO investors. The timing of the deal may be ideal for yield...