Overshadowed - Pandora Also Files For IPO

http://www.streetinsider.com/IPOs/Pandora+Media+(P)+Sees+IPO+Price+of+$7+-+$9Share/6556472.html

by bproper • 15 years ago

107 25 15 years ago

streetinsider.com

xdie• 15 years ago

This story brought to you by LivingSocial... over and over and over again.

Apocryphon• 15 years ago

No last.fm IPO?

smokeyj• 15 years ago

Right after the HN IPO.

skymt• 15 years ago

last.fm is part of CBS Interactive. If you like, you can buy stock in CBS right now.

buster• 15 years ago

Now, if they were only (officially) available in germany :(

mikeryan• 15 years ago

This isn't overshadowed, they filed in February and was one of the first of the current crop to file. Today they just set the share price.

ryanlchan• 15 years ago

Smart play: Pandora's launching their IPO before the other big players start moving. With Google Music and Amazon Cloud Player coming into the market, Pandora's trying to get their offering done before competition gets fierce.

Feels like Groupon is doing something similar. With Google and Facebook moving closer into local deals and LivingSocial nipping at its heels, its only a matter of time before Groupon starts feeling the heat.

kmfrk• 15 years ago

Pretty damn smart considering that they had the foresight of all this, when they filed for IPO in February.

r00fus• 15 years ago

Google's $6B offer for Groupon was the catalyst, not some "foresight"... Groupon thought they could get better from an IPO than going with Google.

jpdoctor• 15 years ago

I think it has more to do with the end of QE2. Free money is ending, and asset prices are going to reflect that in the near future.

bryogenic• 15 years ago

Don't forget Amazon Local too.

dunk010• 15 years ago

They're very different from amazon, google, and apple's current/coming offerings as they don't offer streaming on demand; they're a radio service. Even if there were 20 different on demand offerings, their business would still be valid as they're really selling their selection algorithms.

Ridiculous price, though. $1B? Seems very high for a service that only provides radio.

akozak• 15 years ago

Tangent: Their ticker will be "P."? Are there any other labels with punctuation in it?

sp332• 15 years ago

The ticker is "P", not "P.". :)

rudiger• 15 years ago

The rise of "logical punctuation"?

sbochins• 15 years ago

I've never been a fan of Pandora. Usually my stations end up sounding like a typical classic rock FM station. The commercials they have on their site for the free service is almost as bad as FM radio commercials.

trafficlight• 15 years ago

It all depends on what bands you select at the beginning and what songs you favorite.

bimbly• 15 years ago

Agreed. You need to remember that all the stations are separate objects. So, on your techno stations, don't favorite soft rock. Oh, and pony up the cash for the paid service; it is worth every penny to not have commercials for business cards.

cloudwalking• 15 years ago

When is their stock going on the market? I couldn't find it in the article.

lukejduncan• 15 years ago

They aren't allowed to announce things like that. Although eventually a pundit will piece it together

breathesalt• 15 years ago

Relevant: http://ecorner.stanford.edu/authorMaterialInfo.html?mid=2440

jedberg• 15 years ago

I was surprised that they got a single letter ticker symbol, so I looked up the history. It turns out that P used to be for Phillips Oil, which gave up the symbol when they merged with Conoco.

I'm amused by the fact that a tech company is taking an oil company's ticker.

sireat• 15 years ago

I loved Pandora for the brief amount of time that I could use it "legally".

As long as I continue to get this message:

"Dear Pandora Visitor,

We are deeply, deeply sorry to say that due to licensing constraints, we can no longer allow access to Pandora for listeners located outside of the U.S."

Sure, I have my Linode and could use Pandora, if I really wanted, but not everybody in Europe or elsewhere outside US wants to jump through hoops just to use some service.

Overshadowed - Pandora Also Files For IPO

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