Pandora expects IPO to price between $7 to $9
LOS ANGELES (MarketWatch) -- Music-streaming service Pandora Media Inc. said in a regulatory filing Thursday that it expects its initial public offering of 13.68 million shares to price between $7 to $9 a share. The offering could raise as much as $141.6 million, Pandora said in an amended filing with the U.S. Securities and Exchange Commission. Pandora will offer 5,000,682 million shares, and selling stockholders will offer 8.68 million shares. Pandora said it will not receive any proceeds from the sale of shares by the selling stockholders. The company has applied with the New York Stock Exchange to trade under the symbol "P".
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