Looks like the Pandora team is getting a little more confident in its IPO. On Friday, the company issued an amendment to its S-1 to raise its share price to $10 to $12, for a valuation of $1.9 billion. Last week, the company priced its shares at $7 to $9 each, for a valuation of just over $1 billion. With 14.7 million shares up for grabs, Pandora expects to raise some $202.6 million, compared to the $141.6 million it previously expected to raise.
The company is offering six million shares of its common stock, while shareholders will be offering 8.7 million shares of common stock.