Pandora’s Successful IPO
Pandora raised $234.9 million in its initial public offering, according to Bloomberg. They sold 14.7 million shares at $16 each. The shares, which were offered by Morgan Stanley, JPMorgan Chase & Co. and Citigroup Inc. will trade on the New York Stock Exchange – probably tomorrow. Pandora had set a price of $10-$12 for their initial [...]
Putting My Money Where My Mouth Is
It’s a big week for Internet radio. The space has been buzzing about Pandora going public since the news was announced back in May. This week their stock will be sold on the New York Stock Exchange for the first time. I have a lot of admiration for the folks at Pandora and their product. [...]
