Pandora Files Registration Statement for Proposed Initial Public Offering

OAKLAND, Calif., Feb. 11, 2011 /PRNewswire/ -- Pandora Media, Inc. ("Pandora") today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined.

The bookrunning managers of the proposed offering will be Morgan Stanley & Co. Incorporated and J.P. Morgan Securities LLC.  Co-managers will be William Blair and Company, L.L.C. and Stifel Nicolaus Weisel.  This offering will be made only by means of a prospectus.

A copy of the preliminary prospectus, when available, may be obtained from the offices of Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, or by email at prospectus@morganstanley.com or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by telephone at (866) 803-9204.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  The registration statement on Form S-1 may be accessed through the SEC's website at edgar.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

SOURCE Pandora Media, Inc.




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