Newspaper article Roll Call

Member of Congress Gained from Twitter IPO and Others

Newspaper article Roll Call

Member of Congress Gained from Twitter IPO and Others

Article excerpt

A member of Congress has reported stock transactions in numerous initial public offerings this year, including Twitter Inc. two days after the House Ethics Committee issued a warning about IPO participation.

Rep. Beto O'Rourke, D-Texas, reported in periodic transaction reports that he and his spouse took part in numerous IPOs often buying and selling on the same day as the public offering. These included:

Between $1,000 and $15,000 of Palo Alto Networks sold on 5/16. (IPO in July 2012)

Between $1,000 and $15,000 of Third PT REins LTD bought on 8/15.

Between $1,000 and $15,000 of Noodles & Company sold on 6/28, although there was no reported purchase.

Between $1,000 and $15,000 in RetailMenot Ins. Services bought and sold on 7/18.

Between $1,000 and $15,000 of Phillips 66 Partners LP bought on 7/ 23 and sold on 7/24.

Between $1,000 and $15,000 of Pandora Media bought and sold on 9/ 19. (IPO in June 2011)

Between $1,000 and $15,000 of Plains GP Holdings LP bought on 10/ 16. …

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