In February when the Internet radio company registered with the SEC, it did not disclose specifics about the size of its filing, but set the proposed maximum offering price at $100 million.
According to Thursday’s amendment, Pandora is now looking to sell 15,736,600 shares at a maximum offering price of between $7 and $9 per share. That means its IPO could be as big as $141.6 million.
To put that into perspective, Groupon — which like Pandora isn’t yet profitable — just announced that it will seek a $750 million IPO.
Pandora's stock will be traded on The New York Stock Exchange under the symbol "P."
More About: ipo, pandora
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