Pandora On The Path To IPO: Market heats up

It seems that Pandora, the Internet radio service, is the latest big name heading towards an IPO, after we recently reported similar news for Facebook. After IPO’s for Skype and LinkedIn have also been speculated for this year we hear that Pandora has now registered with the Securities and Exchange Commission to set the ball rolling with the move.

Although Pandora did not release the size of its offering when filing its registration statement, previous rumors told how the company was seeking to raise $100 million, according to Adam Ostrow over on Mashable. Company revenue of $90 million was reported for the nine months up to October 31, 2010 with the main amount of that revenue coming from advertising ($77.8 million).

Pandora has been working to establish itself on new platforms in recent times. Whereas most of its activity occurs on mobile devices, Pandora has sought to expand into Internet-connected TV’s and autos to further increase its 80 million registered users. To find out more about Pandora’s IPO move check out an article by Gabriel Madway and Alina Selyukh over on Reuters, which tells more about the specifics and financial figures.

What are your thoughts on Pandora and the planned initial public offering? We’d welcome your opinions on this so please do send us your comments.