LinedIn's listing on US stock market gave a big boost in confidence to the online tech companies to go public. As other small firms gears up to list on the stock market before the risk appetite of the investors vanished away due to slow recovery in US economy. Latest news in the IPO buzz was Online radio company Pandora Media increased the proposed value of its initial public offering by almost 50 percent, hoping to catch investor fever that has taken Internet companies such as LinkedIn to new heights.
The Oakland, California-based company is seeking to raise $161.5 million, representing 14,684,000 shares priced at $10 to $12 each.
Last week, Pandora said in a filing that it planned to raise $109.5 million with the sale of 13,684,000 shares, offered at $7 to $9 each.
Pandora runs an online service that allows users to stream free music based on feedback from the listener. It is the latest hot Internet company to file for its public debut, after a string of other high-profile peers that include online daily deal site Groupon.
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