Wednesday 15 June 2011

Pandora raises $235m in IPO amid fears about future profitability

US streaming and discovery service Pandora has outperformed IPO expectations by raising $235m (�143m) to give it a market value of $2.56bn (�1.56bn) - but growing doubts surround its future profitability.

Source: http://www.musicweek.com/story.asp?sectioncode=1&storycode=1045551&c=1

Justin Bieber Reese Witherspoon Lady Gaga David Beckham

No comments:

Post a Comment