Pandora Media's IPO Sparks Coverage by MicroStockProfit.com

DALLAS, June 16, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Pandora Media Inc. P and detailing its Initial Public Offering. The report includes investment and industry information you need to know to make an educated investment decision.

The full report is available at: www.microstockprofit.com/lp/P

Pandora Media Inc. (P) is an Internet radio company in the United States. As of January 31, 2011, it had more than 80 million registered users. The Music Genome Project and its playlist generating algorithms enable it to deliver personalized radio to its listeners. When a listener enters a single song, artist or genre to start a station, a process it calls seeding, the Music Genome Project together with its playlist generating algorithms, allows it to instantly generate a station. It generates revenue from advertising. It also offers a subscription service to listeners. The Pandora service allows listeners to seed personalized stations with artists, composers, songs and genres or choose stations organized by genre. Listeners can create up to 100 personalized stations and use its QuickMix combination feature to listen to two or more of their stations at one time.

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In the report, the analyst notes:

"Shares of Pandora Media (P) jumped as high as $26 on their trading debut on the NYSE, opening at $20 and closing down at $17.42. The stock saw trading at a volume of over 42 million shares."

"P's initial public offering on Tuesday was priced at $16 a share, topping the recently raised pricing range of $10 to $12. The Company raised $235 million in gross proceeds, selling 14.7 million shares. The deal values the Internet radio company at $2.6 billion."

To read the entire report visit: www.microstockprofit.com/lp/P

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MicroStockProfit.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. MicroStockProfit.com is a Web site wholly owned by BlueWave Advisors, LLC. Neither MicroStockProfit.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. Please read our report and visit our Web site, MicroStockProfit.com, for complete risks and disclosures.