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Pandora Files For IPO

Posted by timothy on from the what's-in-the-box-what's-in-the-box dept.

itwbennett writes "Internet radio service Pandora Media on Friday filed documents with the SEC for an initial public offering of common stock. In its S-1 filing, Pandora said it has more than 80 million registered users and a more than '50% share of all internet radio listening time among the top 20 stations and networks in the United States.' While Pandora said the 'number of shares to be offered and the price range for the offering have not yet been determined,' MarketWatch reports that the music service hopes to raise up to $100 million."

5 of 68 comments (clear)

  1. mmmmmm yeah hooo boy by Anonymous Coward · · Score: 3, Insightful

    i'm nude

  2. Re:Music is too obscure by s7uar7 · · Score: 4, Insightful

    It sounds like you should stick to playing downloaded MP3s. One of the joys of this type of service is discovering music you otherwise might not have; inevitably there will be tracks or artists you don't like though.

  3. Re:But Why by WrongSizeGlass · · Score: 3, Informative

    Other then greed, why do this?

    If this gives them a shot at growth & profitability and it means they get to stick around since they're not profitable yet. You can count on one hand the chances of them being here in another year or two if they keep losing money. If they close their doors you can say "I listened to Pandora since almost its birth ... to its death.

    On a side note, the folks at Pandora are trying to change 'radio', which works out for all of us in the end. Don't deny them a little treasure for all their hard work and their perseverance.

  4. Re:Onto the radar they go by Dachannien · · Score: 3, Insightful

    Pandora is legit, and the RIAA already gets their metric ton of flesh from them (i.e., far more than a comparable terrestrial radio station would have to pay).

  5. Good news / Bad news by SPrintF · · Score: 4, Interesting

    The great thing about Pandora is that you will hear a lot of music you have not heard before and will probably like.

    The problem with Pandora is that you will hear a lot of music you have not heard before and will probably like and want to buy.

    I have subscribed to Pandora for one year. In that year, I have purchased more music than in the previous ten. This is not an exaggeration.

    If I was a music producer, I would happily give baskets of cash to Pandora, out of sheer self interest.

    --

    Honesty. Loyalty. Kindness. Laughter. Generosity. Magic!