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Pandora IPO Prices At $16; Valuation $2.6 Billion

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Linked by The Tech Trade ( track newsfeed | ignore newsfeed ) - June 14, 07:24PM from (blogs.forbes.com)

Time to pour a little bubbly. The Pandora IPO this afternoon priced at $16 a share, well ahead of the recent "price talk" range of $10-$12 - a level which had been raised from an original estimate of $7-$9. The offering is for 14.7 million shares; after the offering, there will be 161 million shares ...

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