Pandora Streams an IPO

By Sajid Farooq
|  Friday, Jun 3, 2011  |  Updated 10:04 AM PDT
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Pandora Streams an IPO

Pandora filed for its IPO Thursday.

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Thursday was Groupon's day to go under the microscope. Friday was Pandora's turn.

The popular Oakland-based music-streaming service put the offer price for a planned IPO between $7 and $9 a share in a regulatory filing.

At that price, Pandora would raise $141.6 million at a valuation of about $1.2 billion. Groupon's filing by comparison puts the company IPO value at about $750 million.

Pandora has about 90 million registered users in the United States and its revenue is growing, despite the company operating at a loss, according to the San Francisco Business Times.

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