Pandora Prices Initial Public Offering

Author:
Publish date:

Pandora Prices Initial Public Offering

Jun 15, 2011 10:44 AM

Oakland, CA - Jun 15, 2011 - Internet radio streamer Pandora Media priced its initial public offering of approximately 14.7 million shares of common stock at a price of $16 per share. A total of approximately 6.0 million shares are being offered by Pandora, and a total of approximately 8.7 million shares are being offered by selling stockholders. Pandora has granted the underwriters a 30-day option to purchase up to approximately an additional 2.2 million shares to cover over-allotments, if any. Pandora will not receive any proceeds from the sale of shares by the selling stockholders. Pandora common stock will trade on the New York Stock Exchange under the symbol "P."

Pandora Files for Proposed Initial Public Offering

The netcaster hopes to raise $100 million in the offering....

Pandora Internet Radio Coming to Toyota Vehicles

Pandora will interface with the Toyota Entune system....

Related