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Pandora (P) Plans to Double-Dip Wall Street as Quiet Period Expires

June 30, 2011 12:07 PM EDT Send to a Friend
Investors are eating-up shares of recent IPO Pandora Media (NYSE: P) Thursday after the company announced that it will host its first analyst day. Interestingly, the analyst day closely follows the IPO quiet period expiration.

The company’s analyst day event will take place at 8AM PST on Tuesday, July 12, 2011, in San Francisco. It is invite only, but all can listen to the event live at http://investor.pandora.com.

Pandora is subject to a 25-day quiet period following an IPO, meaning the quiet period will end just a few days before the event - July 10th.

The timing of the event and quiet period expiration could act as a buoy for investors. Not only will the underwriters start initiating coverage starting on July 11th, but the analyst day could act as a catalyst for further positive comments from the analyst community.

Besides the underwriters, which will likely all pick-up coverage, two other firms cover the stock already - BTIG (Sell) and Maxim Group (Buy).

Maxim Group's John Tinker, who said he will be on the call, said billions in mobile ad dollars are on the line. He told StreetInsider.com that Pandora is in a great position to capture a large chunk of this market.

Shares of Pandora are up 4.3% to $18.25 and up 14% from the $16 IPO pricing.




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