Pandora Filing for $109.5 Million IPO

Pandora, the wildly popular online music streaming service that uses the Music Genome project to find music similar to other music you actually like, has filed for a $109.5 million IPO (initial public offering). Pandora is probably hoping to receive the same success other Internet companies have been receiving lately. Pandora plans to sell 13.68 million shares at $7 to $9 per share. Pandora reported making $51 million last year, both from displaying advertisements and Pandora One. Read more on the deal here.