More Pandora IPO

MORE PANDORA: By mid-afternoon, Pandora’s stock price had settled under $20 a share, aith a $3.25 billion valuation, according to a live blog on the Huffington Post. At 11 a.m. (PT), the price stabilized at between $18-19, down from a high of $26 a share earlier, but up from its opening price of $16, with a $2.6 billion valuation. Greencrest Capital analyst Anupam Palit said, “I still think it’s heavily overvalued.” At the start of the day, Pandora set the pricing of its IPO of approximately 14.7 million shares of common stock at $16. A total of approximately 6.0 million shares are for sale, while about 8.7 million shares are being offered by selling stockholders. In addition, Pandora has granted the underwriters a 30-day option to purchase up to an additional 2.2 million shares to cover any over-allotments. Pandora common stock will trade on the NYSE under the symbol “P.” (6/15p)

BACK TO RUMOR MILL

		HITS LIST BLASTS OFF Space is the place for Tay. (4/26a) Check It Out Now SONG STREAMS: SWIFT SETS STREAMING RECORD What did you expect? (4/26a) Check It Out Now SPRING BREAKOUTS: THESE HEATERS ARE STILL HOT Who's Boomin who. (4/26a) Check It Out Now SONG REVENUE: “SWEET” SMELLS OF SUCCESS Life after "Church" (4/26a) Check It Out Now STAGECOACH: SETS TO SEE AND PLACES TO BE Saddle up, cowboys and cowgirls. (4/26a) Check It Out Now
		THE NEW UMG Gosh, we hope there are more press releases. TIKTOK BANNED! Unless the Senate manages to make this whole thing go away, that is. THE NEW HUGE COUNTRY ACT No, not that one. TRUMP'S CAMPAIGN PLAYLIST Now 100% unlicensed!

rumor mail

Email

First Name

Last Name

Company

Country
CAPTCHA code

Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions

More Pandora IPO

Modal