Mashable! - Pandora Jumps More Than 50% in IPO

Enthusiasm for Internet IPOs appears to remain high as Pandora made its debut on The New York Stock Exchange on Wednesday morning and surged by more than 50% to above $25 per share at the start of trading.

Shares since have settled to around $22 per share (as of 9:40 a.m. ET), valuing the company at $3.6 billion.

Pandora raised the price of its offering several times in the lead up to the offering, ultimately pricing its shares at $16 each on Tuesday. Now complete, the deal raised $234.9 million.

Pandora’s IPO comes about a month after LinkedIn’s blockbuster offering, which saw shares of the business social networking site more than double in its first day. The relatie

More About: ipo, pandora

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