U.S. Funds Already In Position To Score On Twitter

wochit business
October 02, 2013 AT 12:28 PM
By Tim McLaughlin BOSTON (Reuters) - Five mutual funds run by T. Rowe Price Group Inc own $220 million worth of Twitter Inc, opening up a big lead over rival U.S. funds to capitalize on the social networking site's expected public stock offering. T. Rowe's bet on Twitter underscores the strength of the current IPO market, which has fully recovered from the sour taste left by Facebook Inc's debut in May 2012. Not only is social media back in favor, but mutual funds have a full slate of IPOs to consider for their investors. ...