Pandora Streams an IPO - NBC Bay Area

Pandora Streams an IPO



    Pandora Streams an IPO
    Pandora filed for its IPO Thursday.

    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.