Pandora (NYSE: P), the unprofitable Internet radio company brazen enough to demand a single letter trading symbol, made its public debut on Wednesday. At $16 a share, or $2.6B, Pandora was priced at about 19X last year sales. On its first day of trading, its shares rose as much as 63% from its IPO price […]
Archives for June 2011
Proposed Legislation in Support of the Private Company Marketplace (PCM)
It has been reported this week that new legislation is being introduced that would revise The 1964 Securities Acts Amendments which held companies with at least $1 million of assets and 500 shareholders to the same mandatory disclosure requirements as the 1934 Act imposes on securities traded on the major stock exchanges. The proposed revisions, […]