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Pandora IPO suffers mightily today
#1
http://www.chicagotribune.com/business/b...0807.story

Pandora Media shares plunged as much as 25 percent Thursday, sending it below its IPO price and burning investors who had once clamored for a piece of what was touted as a red-hot sale.

During its second day of trade, doubts mounted about whether the online radio company would ever turn a profit and compete with its Internet rivals, causing investors to bail out of the stock from the earliest hours of the session.

Shares closed at $13.26, down $4.16 or 24 percent, on the New York Stock Exchange. This is below the $16 per share IPO price, meaning investors who bought the stock as it went public have lost money.


...and that assuming they got in at the IPO price - trading went as high as $26 on the IPO day.
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Messages In This Thread
Pandora IPO suffers mightily today - by hal - 06-16-2011, 10:59 PM
Re: Pandora IPO suffers mightily today - by Black - 06-16-2011, 11:40 PM
Re: Pandora IPO suffers mightily today - by Numo - 06-16-2011, 11:43 PM
Re: Pandora IPO suffers mightily today - by 3d - 06-17-2011, 05:31 PM
Re: Pandora IPO suffers mightily today - by DRR - 06-17-2011, 08:03 PM
Re: Pandora IPO suffers mightily today - by 3d - 06-17-2011, 09:26 PM

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