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June 15, 2011 02:29 am GMT
Music streaming service Pandora has priced its IPO at $16 per share, valuing the company at $2.6 billion. The company originally set the range of its IPO at $7 to $9 per share, at a market cap of $1.3 billion; but upped the range last week to $10 to $12 per share, giving the company a valuation of $1.9 billion. Pandora's stock will begin trading tomorrow morning on The New York Stock Exchange under the symbol "P." The company expects to raise as much as $235 million in the offerring and will offer 6,000,682 shares of its common stock with the selling stockholders are offering 8,683,318 shares of common stock in the IPO. 
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/kzZJoMCTvog/
Pandora Prices IPO At $16 Per Share, Now Valued At $2.6 Billion
Music streaming service Pandora has priced its IPO at $16 per share, valuing the company at $2.6 billion. The company originally set the range of its IPO at $7 to $9 per share, at a market cap of $1.3 billion; but upped the range last week to $10 to $12 per share, giving the company a valuation of $1.9 billion. Pandora's stock will begin trading tomorrow morning on The New York Stock Exchange under the symbol "P." The company expects to raise as much as $235 million in the offerring and will offer 6,000,682 shares of its common stock with the selling stockholders are offering 8,683,318 shares of common stock in the IPO. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/kzZJoMCTvog/
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