See Also:
Pandora’s IPO Filing: All The Long-Held Secrets You Want To Know
Don’t Buy The Pandora IPO!
Pandora Is Being Eaten Alive By Its Content Costs
Pandora sold 14.7 million shares at $16 a piece, giving it a $2.6 billion valuation, Bloomberg reports.
The $16 share price is above the $10-$12 it was expecting. The stock starts trading tomorrow.
Pandora is losing money, but investors must like its revenue growth and believe the company can figure out profitability in the future.
Related: BTIG: Don’t Buy The Pandora IPO!
Article source: SAI http://feedproxy.google.com/~r/typepad/alleyinsider/silicon_alley_insider/~3/e2ZWi_H89lg/pandora-ipo-valuation-2011-6