There was much excitement yesterday around the IPO of US music service Pandora, so how did it do? Well, having priced the offering at $16 per share, it opened at $20 per share…
Tag: IPO
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Pandora raises IPO price again to $16 per share at $2.56bn valuation
Today is the day for music service Pandora’s Initial Public Offering (IPO), and on its eve, the company jacked up the price of its shares again. The anticipated price was originally $7-$9 per share…
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Speculation hots up around $100bn Facebook IPO
Pandora and Groupon have filed for their Initial Public Offerings (IPOs) and social games firm Zynga is rumoured to be next. And Facebook? There are new rumours…
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Groupon files for its own $750m IPO
Pandora’s IPO details got rather lost in the tech world’s excitement around the IPO of daily deals firm Groupon yesterday. The company has filed for an IPO to raise $750 million, with documents that reveal the sheer scale of its growth. Groupon’s revenues were $94,000 in 2008, $30.5 million in 2009 and $713.4 million in 2010…
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Pandora raising $141.6m in IPO with $1.3bn potential valuation
Pandora has revealed that it will be pricing its stock at between $7 and $9 per share in its upcoming Initial Public Offering (IPO), valuing the company at up to $1.3 billion if things go well. The company is aiming to raise up to $141.6 million…
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Pandora now has 34m active users, but losses have increased
As it gears up for its IPO, Pandora has published more statistics on its recent growth in an SEC filing. The company generated revenues of $51 million in Q1 this year, up 131% from a year ago. However, its losses for the quarter more than doubled to $6.8 million.
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More info from that Pandora IPO filing
Late on Friday we sent out an alert on Pandora filing for its IPO, including details of revenues and other costs. Since then, various sites have been digging into the document.
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Pandora IPO speculation hots up again
US streaming radio service Pandora is at the centre of speculation that it may go public in the near future, with an IPO valued at $100 million.
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Shazam tops 50m users and mulls IPO
Shazam boss Andrew Fisher says the uptake of its premium Shazam Encore iPhone app has exceeded the company’s expectations, as it moves to a freemium model.
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VCs hit by liquidity drought
With numerous online music firms reliant on VC cash to fuel their growth (and, indeed, pay their bills), news that the US venture capital industry is experiencing a liquidity drought is bad news.