Image via CrunchBasePandora Media files for IPO of up to $100 million | Reuters: "Internet radio company Pandora Media Inc filed to raise up to $100 million in an initial public offering of common stock, becoming the latest technology company to test the public markets.
Pandora, which runs an online service that allows users to stream free music based on feedback from the listener, has 80 million registered users.
The company did not reveal the price range or the number of shares it plans to sell in the IPO.
'Pandora has tremendous reach, and radio still monetizes well in terms of the ability to capture people's attention,' said BGC Partners analyst Colin Gillis."
