"The shares of popular but unprofitable Internet radio service Pandora Media Inc. soared more than 50 percent in its market debut Wednesday.
Its shares opened at $20 a share and rose as high as $26 in early trading on Wednesday, up from its offering price of $16. At its high, that valued Pandora at $4.2 billion."
Wednesday, June 15, 2011
Pandora shares soar in first day of trading - Yahoo! Finance
Pandora shares soar in first day of trading - Yahoo! Finance:
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