The Largest Technology IPOs Of 2011
By siliconindia
Pandora
Pandora, the internet radio service provider raised $234 million in its initial public offering in June 2011, and was valued at $2.56 billion. Its valuation has come down to $1.71 billion in December. The company was founded in 2000 by Will Glaser, Jon Kraft, and Tim Westrgeren. It has raised a total of $56.3 million in fundings from venture capitalists. It is one of the top five most popular apps across all smartphones and makes up for more than 60 percent of all internet radio listening in U.S.