Pandora rewrites the success story written by LinkedIn Corporation

In spite of the stagnant position of the share market, Pandora Media’s Initial Public Offering was successful in grabbing the attention of the investors this Wednesday. The internet radio station’s shares went up by an almost 63% in its first day in the market though the value of the shares went down towards the end of the say.

The stock closed at a mark of $17.42 which according to experts is still a respectable profit is considering the huge margin by which the entire market is going down.

The price has surpassed the anticipations of the Board members of the Pandora also as the stock came to be valued at about six times more than what was considered to be the value of the shares six months ago approximately.

The show put up by Pandora has made people to think that the investors are still anxious and excited about the fresh stocks being offered by the fast growing internet world despite the deteriorating market conditions. Pandora’s debut followed the lines of LinkedIn Corporation whose shares rose by almost twice the value in the first day of its trading itself.