Pandora Shares Jump in Trading Debut

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.