San Francisco – Streaming music service Pandora has upped the price of shares it plans to sell in its initial public offering (IPO), from $7-$9 to $10-$12, All Things D reported, citing a regulatory filing.
While the previous share price range would have raised $142 million, the higher price set today will enable Pandora to raise up to $202 million.
At the high end of the projected share price range, the company would see a market capitalization of $1.9 billion.
Related Links:
http://tinyurl.com/3rapp4x (All Things D)
