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June 16, 2011 06:17 pm GMT
After popping 60 percent yesterday in the first day of trading, shares of streaming music company Pandora are back to around $15 to $17 per share in morning trading. Pandora was priced at $16 per share on Tuesday evening, but opened at $20 and closes at $17.42 yesterday afternoon. Today, Pandora opened at $16.99 and dropped as low as $15.52 in morning trading. For basis of comparison, LinkedIn's IPO popped by 100 percent on its first day of trading, and has also settled below its opening trade of $83. LinkedIn is currently trading at $72 per share. 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/0NH1TvfaO2A/
Pandora Pop Is Gone Day After IPO
After popping 60 percent yesterday in the first day of trading, shares of streaming music company Pandora are back to around $15 to $17 per share in morning trading. Pandora was priced at $16 per share on Tuesday evening, but opened at $20 and closes at $17.42 yesterday afternoon. Today, Pandora opened at $16.99 and dropped as low as $15.52 in morning trading. For basis of comparison, LinkedIn's IPO popped by 100 percent on its first day of trading, and has also settled below its opening trade of $83. LinkedIn is currently trading at $72 per share. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/0NH1TvfaO2A/
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