Pandora Surges In IPO Debut
The IPO frenzy was in full swing this morning, as Oakland-based Pandora Media debuted on the market in its IPO, trading as high as $26.00, after pricing Tuesday evening at $16.00. Pandora had already upped its initial trading range, pricing well above a revised $10.00 to $12.00 per share. The reception for Pandora's IPO benefits Crosslink Capital, Walden Venture Capital, Greylock Partners, Labrador Ventures, The Hearst Corporation, GGV Capital, the venture backers of the company.
posted on Wednesday, June 15, 2011
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