Pandora increases IPO price range

News Broadband United States 13 JUN 2011
Pandora increases IPO price range
Streaming music provider Pandora increased the price range for its IPO to USD 10-12 from USD 7-9. This increases the maximum proceeds from the offering of 16.9 million shares to USD 202.6 million, including the greenshoe option. Pandora will receive proceeds from 6 million shares sold, with the remainder going to selling shareholders. The IPO is expected to open shortly.

Categories:

Internet

Companies:

Pandora

Countries:

United States

Tags:

Digital Music, Financial funding

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