Pandora Opens At $20 A Share, Then Jumps Higher

tim westergren founder of pandoraTim Westergren, founder of Pandora

Photo: Flickr/Typeweight

Pandora’s stock hit the public markets at $20, climbed up to $25, and has since settled in around $23.The IPO was priced at $16 per share, so early investors are getting a nice little pop.

Pandora is estimated to generate $250 million in revenue this year, but it is operating at a loss.

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