One Canadian stock that has been getting a lot of attention in recent sessions is Intertainment Media Inc (INT:TSX-V). This company’s Ortsbo translation product was getting a lot of coverage thanks to KISS front man, Gene Simmons, who was pitching it. The stock ran from 10c to over $3.50 as the hype machine kicked into gear.
Pandora Media Inc has now raised $235M in its IPO, the pricing is coming in above the market range as investors hungry for anything social media related are clammering for shares.
Pandora will be trading under the single ticker P on the NYSE, 14.7M shares are expected to open in the $16 range.