NEW YORK (CNNMoney) -- Another Internet company went public today. Angie's List (ANGI) raised $114 million by selling 8.8 million shares at $13.
As has become tradition with tech IPOs, the consumer review site for contractors, doctors and other services offered only 15% of its shares outstanding.
Meanwhile, Google (GOOG, Fortune 500) announced Google Music, which aims to improve the Google+ experience and may steal market share from Apple's iTunes.
In other tech news, shares of Rambus (RMBS) plunged more than 60% after they lost a suit against Micron Technology (MU, Fortune 500) and Hynix Semiconductor. Rambus was seeking $3.95 billion in royalties as part of its ongoing battle to assert its technology as a standard in the $39 billion memory chip industry.
These are some of the topics discussed on StockTwits Thursday:
britepathos $ANGI: Cheers to Angie! not sure this should be a public company. But it's a great idea for a business & she rode it all the way to IPO.
lamonicabuzz Doubt it will happen, but given the nice pop for Angie's List $ANGI, gotta wonder if that other list guy Craig might finally consider IPO.
KidDynamiteBlog Do Not Try To "Trade The News" Unless You Know Exactly What You Are Doing http://stks.co/1Aam $RMBS
TheArmoTrader Those 10% shorts in $RMBS must be feeling happy right about now http://t.co/41nClIr7
Ktr8der $MU moving like it's 1999, $RMBS moving like 2000.
weissben $GOOG Music may be the killer app for Google+ with great discovery feature - free play of any music you purchase for your friends...
EthanJestal The ability to upload all iTunes music into $GOOG removes a major barrier for people who someday may switch to an Android phone.. $AAPL ![]()
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 12,454.83 | -74.92 | -0.60% |
| Nasdaq | 2,837.53 | -1.85 | -0.07% |
| S&P 500 | 1,317.82 | -2.86 | -0.22% |
| Treasuries | 1.74 | -0.01 | -0.80% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.15 | 0.01 | 0.14% |
| Sprint Nextel Corp | 2.62 | 0.09 | 3.56% |
| Cisco Systems Inc | 16.33 | -0.06 | -0.37% |
| Chesapeake Energy Co... | 15.81 | 0.23 | 1.48% |
| Ford Motor Co | 10.60 | 0.01 | 0.09% |
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.80% | |
| 15 yr fixed | 3.09% | 3.11% | |
| 5/1 ARM | 2.65% | 2.69% | |
| 30 yr refi | 3.77% | 3.86% | |
| 15 yr refi | 3.09% | 3.21% |
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