Stock Watch: Liquid Audio Could See Big Opening

How hot is online music? Investors might just find out today when online music software company and distributor Liquid Audio goes public. Analysts expect a very strong opening for this initial public offering. IPO research site ipoPros.com has given this IPO its highest rating and expects the stock to trade at a premium of more than $5.

Demand is high partially because there are just 3.6 million shares available. The IPO was priced at $15, well above the original price range of $10 to $12.

Liquid Audio has attracted some key investors. Intel (Nasdaq: INTC) (Nasdaq: INTC) owns nearly one-fifth of the company, and Hummer Winblad Venture Partners has an even bigger stake. Keep an eye on this one -- today and beyond.