Two notable IPO filings submitted by Pandora Media and Freescale Semiconductor announced the end of a busy week for the US IPO market, in which seven firms successfully finished their deals. Even if both are prestigious offerings, Pandora and Freescale are very different corporations with characteristics that reflect the everyday personal equity and project capital-backed deal frequently perceives in the IPO market.
Pandora Media is the leading net radio company in the USA with a fifty percent share (in listening time) among the top twenty stations and networks in the country. As of last month, it had 80 million registered users, more than double the amount of users it reported at the ending of 3Q10. Distinct Freescale, Pandora is a comparatively young company: it was set up in two thousand as TheSavageBeast.com previous to change its name in 2005, as it started its well recognized Music Genome Project, which uses proprietary processes to form music content ready-made to the tastes of every individual user.
Since 2005, its listeners have made over 1.4 billion stations using its radical technology, which offers access to over 800,000 songs by at least eighty thousand artists.
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