The online music service Pandora, which should go public in the United States on Wednesday, noted on Tuesday, the price of its shares over 40%. Originally designed a range of 7 to $ 9 per share, the service has risen as the price to 16 dollars. The new price values the company at more than $ 2.5 billion (1.7 billion euros).
The IPO should enable it to raise more than $ 230 million (160 million) by selling 14.7 million shares. This development raises a number of questions, so that the service has not achieved profitability. In 2010, despite a turnover of 95 million and claimed 90 million users, the company posted 1.2 million euros in losses.
RETURN OF THE "BUBBLE" The latest IPOs in the technology sector have raised fears of many analysts the return of a form of "Internet bubble", similar to the speculative bubble of the 2000s that led to the collapse several dramatic heavyweights. LinkedIn, the social network for executives, has made a spectacular IPO in May.
Although beneficial, the social network has finished the first trading day with shares at 95 dollars, double the amount originally planned. The value of securities has since lost 20%. The number one social networking, Facebook, in turn consider IPO for early 2012, several counts of recovery, using different calculation methods, would place the value of the site between 65 and 90 billion dollars.
The IPO should enable it to raise more than $ 230 million (160 million) by selling 14.7 million shares. This development raises a number of questions, so that the service has not achieved profitability. In 2010, despite a turnover of 95 million and claimed 90 million users, the company posted 1.2 million euros in losses.
RETURN OF THE "BUBBLE" The latest IPOs in the technology sector have raised fears of many analysts the return of a form of "Internet bubble", similar to the speculative bubble of the 2000s that led to the collapse several dramatic heavyweights. LinkedIn, the social network for executives, has made a spectacular IPO in May.
Although beneficial, the social network has finished the first trading day with shares at 95 dollars, double the amount originally planned. The value of securities has since lost 20%. The number one social networking, Facebook, in turn consider IPO for early 2012, several counts of recovery, using different calculation methods, would place the value of the site between 65 and 90 billion dollars.
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