The 10 Reasons Why Everyone Is Talking About Pandora In This Market

1.) Secondaries are in demand. Over the last few weeks we’ve seen secondaries from LinkedIn ($LNKD), 3D Systems ($DDD), Zillow ($Z), Michael Kors ($KORS), and now Pandora ($P). All of these stocks have recently made new 52-week highs too:

 

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2.) Social media stocks are hot. This also leads us to the point we made earlier — Twitter is IPO’ing at the perfect time. Look at the year-to-date performance for some of the largest social media names:

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3.)  Even Jim Chanos has been out talking about Pandora:

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4.) This is how message volume looks on the Pandora stream. It’s gone parabolic:

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5.) One of the biggest worries is that these stocks are going into tech bubble mode:

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6.) Spotify is rumored to have drawn a valuation of $5 billion. That’s actually bigger than Pandora who has a current market cap of $4.7 billion:

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7.) Pandora seems unphased by Apple’s iRadio. It even announced its secondary of the day of iRadio’s release:

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8.) And for that that matter, look at all of the competitors. Radio’s gone wild:

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9.) Risk Reversal picked up on the StockTwits Trending Ticker Tape and published this gem:

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10.) Then these two comments were shared on secondary offerings:

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This is what happened to Pandora after it announced its secondary: 

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This is how Pandora looks today, tagging all-time highs above $27 a share:

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