IPO

Pandora raises IPO size to over $140 mln

Reuters News
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Posted: Jun 02, 2011 4:29 PM

(Reuters) - Internet radio company Pandora Media Inc raised its IPO size to up to $141.6 million and said it would price the offering at $7-$9 apiece.

Pandora said it will offer 13.7 million shares for sale in the offering, out of which 8.7 million shares will be sold by selling stockholders.

The company had in February filed for an IPO of $100 million.

Pandora expects to list on the New York Stock Exchange under the symbol "P" after the offering.

(Reporting by Himank Sharma in Bangalore; Editing by Joyjeet Das)