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."
Good news / Bad news (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.