Music to Pandora's Ears: IPO Prices Above Range, Raises $235M
(Reuters) - Online radio company Pandora Media (NYSE: P) priced shares in its initial public offering above an already raised range on Tuesday, the latest company to take advantage of red-hot valuations for Internet companies. The venture-backed company priced its shares at $16 each, according to a source familiar with the deal. The company raised $235 million based on 14.7 million shares it planned to sell, according to a government filing. Late last week, Pandora increased its price target range to
15 June 2011•3 mins read
