HardOCP News
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Congrats to Pandora, $16 per share is a whole lot better than the $3 per share the company's board members valued its stock at just six months ago.
Pandora Media Inc. sold its initial public offering of stock at $16 per share late Tuesday, fetching twice as much as the popular but unprofitable Internet radio service expected less than two weeks ago. The IPO's completion means Pandora will make its stock market debut Wednesday morning with a market value of $2.6 billion.