[guest post by TS]
Don't open Pandora's box, or so the myth goes, or pestilential things will come out. Or, rather, they already came out, and only Hope remains in the box.
Well, at midnight last night Pandora Media, Inc. filed a Notice of Effectiveness with the SEC to state that their S-1 filing was ready to go, pricing today at $16, giving them a $2.6B valuation - you can bet that valuation will be a wee bit higher by close of business today.
..TS.
[Editors Note: I bought LNKD the morning it priced, picking up several round lots for $83, and selling five days after for $94, eeking out about 12% return. I immediately bought some $80 July 11 puts, which fluctuated quite a bit with LNKD's gyrations, some of which led me to buy more puts at a lower strike price and a later expiration date - probably a mistake, but lets see how the market treats Pandora ($P). ..TS.]
Don't open Pandora's box, or so the myth goes, or pestilential things will come out. Or, rather, they already came out, and only Hope remains in the box.
Well, at midnight last night Pandora Media, Inc. filed a Notice of Effectiveness with the SEC to state that their S-1 filing was ready to go, pricing today at $16, giving them a $2.6B valuation - you can bet that valuation will be a wee bit higher by close of business today.
..TS.
[Editors Note: I bought LNKD the morning it priced, picking up several round lots for $83, and selling five days after for $94, eeking out about 12% return. I immediately bought some $80 July 11 puts, which fluctuated quite a bit with LNKD's gyrations, some of which led me to buy more puts at a lower strike price and a later expiration date - probably a mistake, but lets see how the market treats Pandora ($P). ..TS.]
| Status | Filled at $22.80 |
|---|---|
| Symbol | P |
| Description | PANDORA MEDIA INC COM USD0.0001 |
| Action | Buy |
| Quantity | 200 Shares |
| Route | KNIGHT CAPITAL MARKETS, L.L.C. |
| Order Type | Market |
| Time in Force | Day |
| Conditions | None |
| Trade Type | Cash |
| Market Session | Standard |
| Order Date | 06/15/2011, 09:52:27 AM ET |
| Cancel Date | |
| Order Number | 9999999 |
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