Pandora seeks to be next billion-dollar IPO

Online music service Pandora has just priced its IPO, according to Business Insider. If the big number falls in the middle of its range, the company will reach a valuation of $1.3 bn, despite losing $1.7 mn on $137 mn in revenue in its last fiscal year.

This may seem like small money following LinkedIn’s $10 bn debut and a Groupon IPO that could start at a valuation of $20 bn. Nonetheless, it may help reinvigorate a relatively quiet IPO market.

Source: Business Insider

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