According to foreign media reports, the United States Network Music radio, Pandora, said in Thursday that the company is about to make an IPO (IPO), and the IPO target price of 7 U.S. dollars to 9 U.S. dollars.
If it were calculated at $9 a share, then Pandora would raise 142 million dollars in the IPO, a figure higher than the company's previously estimated $100 million trillion. This February, Pandora submitted an IPO application to the Securities and Exchange Commission, saying it would plan to raise $100 million trillion.
In the current situation, Pandora's financial performance is mediocre. In the first quarter of this year, Pandora's revenue reached $43 million trillion, but it lost 6.7 million dollars. So far, Pandora has not swung.
Pandora's business grew rapidly, adding a new user almost every second. As of April this year, Pandora's number of registered users has increased to 90 million, more than 80 million in February. Last year, users listened to Pandora's network music for up to 3.8 billion hours.
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