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In: web resources
12 Jul 2011Newly public Internet radio company Pandora announced Tuesday that it has hit the 100 million registered user milestone. About one-third of those users, 36 million, have accessed the service on a monthly basis. Along with its user base, the company has also increased its market share. At the end of 2010, it had about a [...]
In: web resources
12 Jul 2011It wouldn’t be a stretch to say that 2011 is the year of the technology IPO. Linkedin kicked off the tech IPO wave with its successful public offering. The company is now worth more than $9.5 billion. Pandora quickly followed suit. And later this year, Groupon and Zynga will hold their multi-billion dollar IPOs. Singlegrain [...]
In: web resources
15 Jun 2011One day before its highly-anticipated IPO, Pandora has upped its share price to $16 per share, valuing the company at $2.6 billion. The price is well above its target price range of $10-$12, which itself was a 43% increase over its original $7-$9 target price. At $16 per share, Pandora will raise $234.9 million. The [...]
In: web resources
15 Jun 2011In the first test of investors’ appetite for high-profile IPOs since LinkedIn’s successful public offering last month, Pandora is expected to begin trading Wednesday. Pandora is offering 14.7 million shares for $10 to $12 per share. The company increased the size of its IPO last week by 43%. Unlike LinkedIn, though, Pandora is not profitable. [...]
In: web resources
15 Jun 2011In the first test of investors’ appetite for high-profile IPOs since LinkedIn’s successful public offering last month, Pandora is expected to begin trading Wednesday. Pandora is offering 14.7 million shares for $10 to $12 per share. The company increased the size of its IPO last week by 43%. Unlike LinkedIn, though, Pandora is not profitable. [...]
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