Deals
Pandora Boosts IPO by 43% Seeking as Much as $176 Million
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Pandora Media Inc., the Internet-radio company that’s preparing for an initial public offering, raised the amount sought in the sale by 43 percent to $176.2 million, as demand for shares of Web companies grows.
Pandora plans to sell 14.7 million shares for $10 to $12, according to a filing with the Securities and Exchange Commission today. The Oakland, California-based company earlier this month filed to sell 13.7 million shares for $7 to $9.