Pandora IPO Pushed To $161.5 Million, Massive Increase In Valuation

Internet music streaming service Pandora is betting that investors will swoon to their service just the way they recently did when pushing LinkedIn share prices through the roof and with that hope the company has massively pushed up the valuation of their Initial Public Offering (IPO).

According to the New York Post the company is now hoping to raise $161.5 million during their IPO, up from $109.5 million just last week and $100 million in February.

With 14.7 million shares up for grabs at the countries largest internet streaming music provider that would place each share at $10 to $12.

Do you think Pandora is worth the valuation they are placing on their IPO?