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The company is now offering 14.7 million shares for $10 to $12, according to SEC documents. Pandora had filed earlier this month to sell 13.7 million shares for $7 to $9. In total, Pandora plans to take in $176.2 million in its IPO.
The increase comes after LinkedIn’s IPO on May 19, which showed investors’ appetite for social media stocks. LinkedIn shares opened at $45 that day and closed at $94, a 108% gain for the day, raising about $4 billion. The stock was trading at around $72 on Friday morning. Groupon, meanwhile, has filed to raise $750 million in its IPO.