> ## Content Index
> Fetch the complete content index at: https://www.hypebot.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Pandora Stock Opens Strong, Then Falls Back
- URL: https://www.hypebot.com/pandora-stock-opens-strong-then-falls-back-to-earth/
- Published: 2011-06-16T08:59:41.000Z
- Updated: 2011-06-16T08:59:41.000Z
- Description: Pandora, which pre-traded at $16 Tuesday night soared early Wednesday during the official IPO and looked like it was head to $26. But by the close, Pandora had settled back. Continue reading [https://www.hypebot.com/hypebot/2011/06/pandora-stock-opens-strong-then-falls-back-to-earth.html]
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 10:55

[![image from www.google.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e2014e892dae7b970d-200wi "image from www.google.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e2014e892dae7b970d-popup?ref=hypebot.com)

Pandora, which pre-traded at $16 Tuesday night soared early Wednesday during the official IPO and looked like it was head to $26\. But by the close, Pandora had settled back to $17.42 That's a modest 8.9% first day gain over pre-trading and below the $20 targeted. This morning pre-market trading was lower, dropping 3.85% to $16.80.

"Investors had their initial emotional flush with the stock," said David Menlow, head of IPOfinancial.com in Millburn, N.J. told the LA Times. "Then they got a strong dose of reality." Concerns centered around Pandora's high music licensing payment which gobble up 50%+ of the Pandora's revenue. In the long run, I remain a believer as I wite yesterday in "[5 Reasons I'd Buy Today's Pandora IPO](https://www.hypebot.com/5-reasons-id-buy-todays-pandora-ipo-even-at-new-16-a-share-25-billion-valuation/)".

**You can track Pandora's current price [here](http://www.google.com/finance?client=ob&q=NYSE:P&ref=hypebot.com).**