June 16, 2011

I.P.O. Fever Calms Down for Pandora


From the New York Times Sobriety has returned to the market for new Internet companies — at least for one day.

Shares of Pandora Media, a popular but unprofitable online music service, made their New York Stock Exchange debut on Wednesday, ending the day up 8.9 percent, at $17.42, after rising as high as $26.


Click here to read more and see video interview of Pandora CEO Joseph Kennedy at the NYTimes
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