TechCrunch reports the company is looking to offer its stock at between $7 (?4.28) and $9 (?5.51) a share. This could raise as much as $141.6m (?86.6m) in the offering.

The Wall Street Journal suggests that, if share targets are met, the company would see an upper market valuation of $1.4bn (?0.86bn). Up to 13.7m shares could be offered, with 8.7m coming from selling shareholder stocks.

Pandora founder Tim Westergren is not expected to sell any shares and will retain ...