Pandora starts trading at $20 in debut
Online radio company Pandora Media Inc opened at $20 a share in its stock market debut on Wednesday, well above its IPO price of $16, reflecting investor appetite for Internet companies.
Late last week Pandora revised its expected IPO price range to $10 to $12 per share.
The decade-old company has yet to turn a profit.
(Reporting by Jennifer Saba; editing by John Wallace)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick