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Specialist Jason Blatt (center) calls out prices for Pandora Media Inc. as it begins trading on the floor of the New York Stock Exchange on Wednesday. The IPO closed at $17.42, a gain of 8.9 percent. (Associated Press)

Specialist Jason Blatt (center) calls out prices for Pandora Media Inc. as it begins trading on the floor of the New York Stock Exchange on Wednesday. The IPO closed at $17.42, a gain of 8.9 percent. (Associated Press)

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