Pandora Is Going Public: Pandora IPO and the Future of Pandora
June 15, 2011 by Pablo Palatnik
It’s not many times that I actually get excited about a company going public but in this case, with Pandora, I see a lot of potential of a company that can raise a lot of money very fast and do a lot with it. So, on June 15, 2011, Pandora is going public. This is actually exciting for me as I’ve been following this company almost since its start up, which was shown to me by a friend. While Pandora has dominated the music stream market, you can also look at what Last.fm was able to do and also now GrooveShark is making some buzz. I am actually a big fan of GrooveShark and may see even more potential there…but right now let’s focus on Pandora.
Here is why I think the Pandora stock is exciting and may be a good long-term investment. With Pandora signing up a new registered user EVERY SECOND, the potential to monetize the website is enormous if it keeps growing its registered user base. We’re talking about selling MP3s, big ad money in its display advertising model, concert tickets, and expanding into other sectors of entertainment such as tv shows, etc.
The stock is said to open at $16 (does seem high to me) which was raised from about its initial $8-10 IPO. I look forward to seeing how this stock plays out in the next few days and in the next few months and what changes happens in this market as I see GrooveShark as a real threat to Pandora. The stock will be offered under the stock symbol, “P” traded in the NYSE.
Check out this post: PANDORA IPO BY THE NUMBERS.
