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> When LinkedIn was going IPO, a few of us at work decided to buy a few shares just for fun. The idea is to use that as a proxy for betting the eventual stock price after the IPO hype settles down. Unfortunately the price shot through all of our price target, so none of us ended up owning any LinkedIn shares at the end of that day. Over the years, we would find out that LinkedIn's share price went higher still. And by that I mean, it's now several times over the price that we could have bought at. > > A few months later Pandora also went IPO. The same few of us decided to try the same bet again. I made sure I woke up early on the day of IPO, and bought 10 shares at whatever price I could get. The wiser coworkers decided to bail out at the last minute, which means at the end of that day I was the only one who ended up with shares of Pandora. It seemed silly to be the only person who entered into the bet, but since it was only 10 shares I didn't care much about it. For the next two years, its share price would fluctuate, going as low as less than half of my purchase price. > > Last week I was delighted to see that it finally has climbed above my purchase price, so I immediately got to my computer and sold my 10 shares. At least now I can claim to have won the bet, even if the only opponent was myself. > > Not bad for a profit of $14.62.