Pandora Eyes Mid-June IPO as VC Stakes' Value Leap Past $1B--CORRECTED
In a sign of continued strength for late-stage, VC-backed tech and Internet companies, Pandora Media boosted the number of shares it is offering along with their price. Today, Pandora said in an amended filing it will now sell14.68 million shares at $10 to $12 each. This is up from the 13.68 million shares at $7 to $9 each that Pandora previously planned to offer. At $11 share, the mid-point of the IPO price range, Pandora could raise $161.5 million. Pandora is expected to price its IPO on June 15 and trade the next day, a source says.
10 June 2011•2 mins read
