Pandora Media Files for IPO
Pandora Media Inc. filed for an initial public offering (IPO) of common stock in an attempt to raise about $100 million. Neither the price nor the number of shares planned for the IPO was released by the Oakland California based company.
Since the launch of the internet radio service in 2005, allowing users to stream free music via the internet, they have built up a base in excess of 80 million users. According to the SEC filings, the company had revenue if $55 million last year, but still posted a net $16.8 million loss.
Like most social media and media content sites offering free services to their users, Pandora makes its money from advertising. While still operating at a net loss thus far in 2011, the company said that they expect to start turning a profit as early as 2013.
The company’s founder Tim Westergren still owns about two percent of Pandora, while investors currently hold just over half of the company.
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</div>A number of industries have, at their core, a need to frequent or even continuous analysis of biological media. These include the medical and pharmaceutical fields, biotech firms, and food and chemical companies. To maintain quality standards and develop new products, these industries rely heavily […]<!-- AddThis Sharing Buttons below -->
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</div>Industrial drum mixers are normally applied to blend mixes of varying viscosities such as adhesive slurries or cement. Some of these mixers have the capability of blending mixes of very different particle sizes such as fruit and ice cream, and gravel and cement slurry. The […]<!-- AddThis Sharing Buttons below -->
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