Pandora Planning $100 Million IPO
Pandora is planing a $100 million IPO for early in 2011. The music streaming service reportedly met with bankers last week and is expected to name which one will lead the IPO within days. Pandora has blown past 75 million listeners in recent months and beat most of its competitors onto new platforms from Roku boxes to inside many new automobiles. But the gains come at a cost.
With more listeners, the delivery costs and royalty payments rise. Despite also making great strides at attracting marquee advertisers, a $100 million IPO would go a long way towards covering Pandora's operating costs, as well as, help solidify its already strong position.
Given the chance, would you invest in a Pandora IPO?
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Yes!
Yes, I feel that Pandora will be a great stock to purchase as it’s the leader in online streaming FREE music!
As a young investor this will be one of my 1st investments I’ll plan to hold for years.
it sounds like a good opportunity. but then again, pandora’s never made a dime.
What’s IPO?
Initial public offering – or new stock offering.
Ok, now I understand the stakes. Sounds really good for Pandora indeed!
I would totally do it. I’ve met their CEO Tim and he really is an inspiration.
Tell me about their business model
Whqt is their business model? Is it advertising and royalty revenue from purchases through their site?