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Shares of Pandora Internet radio up 8.9 percent on first day

By Eric W. Dolan
Wednesday, June 15, 2011 20:38 EDT
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Pandora Media Inc.’s, owners of Internet music site Pandora with 39 million registered users, had a successful Wall Street debut on Wednesday.

Stock in Pandora shot up to $26 per share, but eventually fell back to close at $17.42 per share, gaining 8.9 percent on its first day as a publicly traded company.

Watch video, courtesy of The Associated Press, below:

Eric W. Dolan
Eric W. Dolan
Eric W. Dolan has served as an editor for Raw Story since August 2010, and is based out of Sacramento, California. He grew up in the suburbs of Chicago and received a Bachelor of Science from Bradley University. Eric is also the publisher and editor of PsyPost. You can follow him on Twitter @ewdolan.
 
 
 
 
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