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Articles tagged with: margins

Pandora Raises Share Price By $3 In IPO

It looks like Pandora has changed its mind on its shares of stock since it’s original IPO (initial public offering). The company has just issued an amendment raising the share price from $10-$12. This is a $3 per share raise from its original average, and brings the company’s valuation from $1 billion to nearly $2 billion.

Since there are nearly 15 million shares up for the taking, Pandora expects to raise about $203 million from the initiative, or $60 million more than it’s original offering. Pandora currently rocks a user-base of 94 million, compared to 53 million the previous year. Likewise, users spend two times more time on the site than they had the previous year (rising from 0.7 billion hours to 1.6 billion hours).

Apple’s Foxconn Reopens After Deadly Explosion

Apple’s supplier, Foxconn has resumed operations at its Chengdu plant in China, after an explosion killed three employees last month. The company has ended its investigation into the incident and has implemented safeguards that it claims will prevent a similar situation from happening.

The company stated that the accident was due to an explosion of aluminum dust in a ventilation duct, and that the company has solved this issue by improving workshop ventilation (as if employee air quality wasn’t reason enough).