Pandora disappoints as expected
17 Jun

My recent post about the latest tech IPO; Pandora, already detailed doubts around the succesful IPO in an industry under siege. And this prediction seems to have come true.
The post-IPO price of $26 per share on Wednesday saw a quick drop tp #17.42 at the end of the day. Currently the share is trading for $13.26 according to Yahoo! Finance.
Pandora is facing significant losses for the second quarter, which doesn’t give much hope for continued high performance. The only success story up untill now is that of LinkedIn which is currently trading at $68.27, up by $23 from it’s IPO share price of about $45.
I will not keep the closest eye on ‘P’s’ performance but if there is any big news I’ll report.
