Pandora to sell shares and raise potential $280 million
Pandora is set to raise a potential $280 million by selling off over 12 million shares.
PandoDaily reports that the move has been revealed following Pandora's stock reaching an all-time high of $24.43 per share last week. That amount equates to an increase of 161 per cent year to date.
The company filed the proposition with the Securities and Exchange Commission (SEC) and should it go through, it would eclipse Pandora's 2011 IPO of £90 million, threefold.
Another shareholder, Crosslink ...
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