Yet another internet based company is coming to the stock market. Pandora Media Inc, an interactive internet radio company sold 14.7 million IPO shares with prices ranging from $10-12 a share. This is a strong showing for Pandora as it has been going through some struggles and needed to build some capital like this to survive in the marketplace. From what I have read Pandora is a fast rising company and the revenue is growing with the company. The problem is that they are still not profitable on a net or operating basis. The company has issues with generating enough revenue from advertising to counter the royalty expenses and that it will continue to run at a loss for at least through the fiscal 2012 which is set to end in January. So with this IPO hopefully Pandora can make more strides in the interactive radio business.
