Friday, 4 December 2015

Pandora's shares tank again

Pandora latest borrowing - it raised $300m from investors - has left  Wall Street unimpressed: the convertible debt offering on Wednesday (December 2) led to stock dropped by 11.5% on the NYSE yesterday. In March last year, Pandora's total market cap value soared above $7.7bn.  Today, that figure sits at $2.7bn - wiping  $5bn off a valuation that stood less than 24 months ago.

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