Pandora Media To Offer 13.64M Shares in IPO

Pandora Media Inc announced its plans to offer 13.64 million shares at an expected price of $7 to $9 per share in its initial public offering (IPO) of common stock. Pandora Media's stock will trade under the symbol “P” on the New York Stock Exchange (NYSE). Pandora Media will raise $109 million, based on the midpoint of the range. Morgan Stanley MS, J.P. Morgan JPM and Citi C are the underwriters of the offering. Read more from Benzinga's Company news.