Pandora Prices 18.2M Share Offering at $25.00/Share

Pandora (NYSE: P), the leading internet radio service, today announced the pricing of an underwritten public offering of 18,200,000 shares of its common stock at a price to the public of $25.00 per share. A total of 13,000,000 shares are being offered by Pandora, and a total of 5,200,000 shares are being offered by the selling stockholder. In addition, Pandora has granted the underwriters a 30-day option to purchase up to an additional 2,730,000 shares to cover over-allotments, if any. The offering is expected to close on September 24, 2013. Pandora intends to use the net proceeds of this offering for general corporate purposes, including working capital and capital expenditures. In addition, Pandora may use a portion of the net proceeds See full press release