Pandora Files For IPO 68
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."
Re:But Why (Score:4, 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.