Kennedy Says Pandora Has No Timetable for Profitability

Jun. 15, 2011
June 15 (Bloomberg) -- Joseph Kennedy, chief executive officer of Pandora Media Inc., talks about the company's initial public offering and growth outlook. The Oakland, California-based radio Internet company leapt as much as 63 percent to $26 after its debut on the New York Stock Exchange. It had sold 14.7 million shares yesterday at $16 apiece, raising $234.9 million in its initial public offering. They were offered at $10 to $12. (Source: Bloomberg)
Correction: Clarification: