1. IPO

    Pandora Shares Jump in Trading Debut

    The Pandora Media Inc. website is displayed on a computer monitor in San Francisco, California, U.S., on Tuesday, June 14, 2011. Pandora Media Inc., the Internet-radio company, is seeking a $1.8 billion valuation in its initial public offering today as it bets a 33-fold jump in sales since 2007 will compel investors to overlook a decade of losses. Photographer: David Paul Morris/Bloomberg via Getty Images

    Paul Morris, Bloomberg / Getty Images,Bloomberg

    Shares of Pandora rose 63 percent to $26 after debuting on the New York Stock Exchange on Wednesday. Pandora had a market value of $2.6 billion at the offering price, which is nearly 19 times more than last year’s sales. Pandora's share price closed Wednesday at $17.42, up $1.42, or 8.9 percent, from its IPO price.

    Read it at Bloomberg