Pandora IPO Covered on Day One

The first day of Pandora’s initial public offering covered
the base deal, according to a report from Reuters, which quoted “two banking
sources close to the deal.”

The Danish jewelry maker sold stock worth $2.16 billion, the
report said.

The investor roadshow hits the U.S. next week.

Pandora’s spokesman declined comment to JCK, citing laws regarding stock offerings.