Pandora Ups Price Of IPO To $10 To $12 Per Share, Now Valued At $1.9 Billion

Music streaming service Pandora has just filed a new version of its S-1 that indicates the company will be upping the price range of its stock to $10 to $12 per share, giving the company a valuation of $1.9 billion. That's up from Pandora's recently pricing of its stock at $7 to $9 per share, at a market cap of $1.3 billion. Pandora's stock will be traded on The New York Stock Exchange under the symbol “P.” According to the filing, Pandora aims to raise as much as $202.6 million in the offerring, and will offer offering 6,000,682 shares of its common stock with the selling stockholders are offering 8,683,318 shares of common stock in the IPO.