Wednesday, June 15, 2011

Pandora IPO Raises $235 Million, But Doubts Persist About Profitability

Pandora completed its initial public offering today, selling 14.7 million shares of stock at $16 each, according to Bloomberg, after initially selling for $10 to $12 per share. The results were a big success, especially considering that Pandora had initially hoped to raise only $100 million.

Source: http://feeds.paidcontent.org/~r/pcorg/~3/3463qcUWdCE/

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