Pandora Raises IPO Size as High as $141.6 Million

 By 
Sarah Kessler
 on 
Pandora Raises IPO Size as High as $141.6 Million

Pandora has announced new, more specific terms for its impending IPO.

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.

The biggest stories of the day delivered to your inbox.
These newsletters may contain advertising, deals, or affiliate links. By clicking Subscribe, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy.
Thanks for signing up. See you at your inbox!