The popular Internet radio site Pandora made its highly anticipated IPO well above the estimated price range this week and perhaps put confidence in other Internet companies looking to go public.

Pandora made its IPO at $16 a share this week, more than double the original projected price of $7 per share. With over 90 million registered users, Pandora’s success showcases a new trend in how we listen to music and how digital music is evolving. The number of Pandora users is catching up to the approximate 150 million registered iTunes accounts.

More importantly, Pandora’s strong IPO gives other Internet companies a boost of confidence to go public as well.

To read more about Pandora’s success, click here.