Jun 15, 2011

Pandora’s IPO valued at $2.56 Billion

by

Pandora
Yet another internet based company is coming to the stock market. Pandora Media Inc, an interactive internet radio company sold 14.7 million IPO shares with prices ranging from $10-12 a share. This is a strong showing for Pandora as it has been going through some struggles and needed to build some capital like this to survive in the marketplace. From what I have read Pandora is a fast rising company and the revenue is growing with the company. The problem is that they are still not profitable on a net or operating basis. The company has issues with generating enough revenue from advertising to counter the royalty expenses and that it will continue to run at a loss for at least through the fiscal 2012 which is set to end in January. So with this IPO hopefully Pandora can make more strides in the interactive radio business.


Categories: News


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