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100 million Evansville Courier touch In reports filed friday, pandora indicated it would raise $100 million with a public offering stock.That figure will likely change as bankers gauge the demand to purchase or an 11 year old company that has helped change the way people listen to music. A target price for the shares won't be set till the ipo is closer to happening.The offering might not happen for at least three months. Pandora's decision to go public is biggest banking sign that internet companies sense the time is ripe to mine the markets for money amid growing excitement about digital media and online networking.Filed its ipo papers a couple weeks ago. In recent days, aol corporation.Agreed to use the internet news and opinion service huffington post for $315 million and the wall street journal reported that online messaging service twitter may now be worth $8 billion to $10 billion.Online coupon system groupon inc.Is expected to go public later this year and facebook the most prized of all private internet companies with a market value recently pegged at $50 billion may file its ipo papers next year. Given the growing fervor for key internet services, justifiable for pandora to make the ipo leap now, said inside virtual media analyst phil leigh. "It's similar to nuclear fission;We're seeing a squence of Cheap Pandora Charms events of these things, he explained. Pandora your data inc.Started out in 2000 as a music suggestion service called savage beast technologies.It ccfcm changed its name in 2005 when it launched an internet radio service that allows people to stream music over the web enabling users to tailor playlists suited to their tastes to listen should they want, wherever they be. The idea originate from pandora founder tim westergren, an avid musician who also worked as a record producer.Westergren, 45, is now you can actually chief strategy officer and one of its largest stockholders with 3.6 million voices. Frederick kennedy, a former store assistant for automaker saturn corp.And government for online banker e loan, seemed to be pandora's ceo since 2005.He has access to 4.2 million Pandora provides. Other major shareholders in line for a potential windfall are vc's crosslink capital, walden expansion capital and greylock partners.Those three firms every single other own about 85 million shares.Hearst corp, a major newspaper and magazine author, is also a major stockholder with 8.7 million stocks and dispenses. Pandora lets users generate"Channels"By typing in the category of an artist or song on its site:The site's software uses complete picture of the to create a personalized stream of music that may include the artist or song you indicated plus other similar music.If you'd rather a song, you will deliver it a thumbs up.Songs an individual enjoy can be skipped, but you can only skip a small group of songs.Pandora users are coming up with more than 1.4 billion stations to date. The standard pandora service is free, with most of its revenue via advertising, just like traditional stereo.Users can pay more to eliminate ads, enable boundless listening time and more"Cuts out"And receive quality songs.People apparently are willing tolerate the ads.The ipo documents said 86 percent of pandora's revenue came from strategies in its fiscal year just completed jan.31. The actual has lost $83.9 million since its inception and stays unprofitable, To be able to Friday's filing.In the first nine months of their last fiscal year, pandora a break down $328, 000 loss on purchases of $90.1 million. The filing said its independent auditor serious there was"Material some a listlessness"In pandora's financial revealing practices.The company said it's trying to fix marketplace.


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