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Online radio firm Pandora floats for $2.6bn in New York

The US internet radio service Pandora Media rose sharply on its debut on the New York Stock Exchange, before falling back.

The firm, which has yet to make a profit, had an offering price of $16 (£9.76) a share.

It rose as high as $26 a share on Wednesday before settling down to around $18.75.

Jillian Martin reports.

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