GSV Capital rallying thanks to Q2 report, Twitter IPO buzz

GSV Capital (GSVC +5.1%) is trading higher after posting its Q2 report. The investment firm reported a $2.4M ($0.12/share) investment loss, but also a $12.2M ($0.63/share) net change in unrealized appreciation for its investments.

GSV estimates its stake in Twitter was worth $37.6M as of June 30, and accounted for 15.1% of its net asset value.

Three other hot private tech companies rumored to be eying IPOs - analaytics software firm Palantir Technologies, cloud storage giant Dropbox, and flash storage appliance vendor Violin Memory - respectively made up 9.3%, 6.1%, and 5.8% of NAV (combined estimated value of $52.5M).

GSV shares are up 40% since Facebook delivered a blowout Q2 report, and subsequently saw its shares blast off. A higher valuation for Facebook could yield a higher post-IPO valuation for Twitter, which has had some mobile ad success of its own.

Twitter's IPO could be drawing closer. The company just hired a stock administration analyst, and recently posted a job opening for a financial reporting manager.

CC transcript

From other sites
Comments (2)
  • paulmichael
    , contributor
    Comments (149) | Send Message
    GSVC riding FB wave towards Twitter IPO - target 17
    8 Aug 2013, 10:55 AM Reply Like
  • James Sands
    , contributor
    Comments (2728) | Send Message
    It would be great to see how Twitter's financials are doing.
    8 Aug 2013, 12:17 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs