On Pandora Filing to Go Public
Last Friday Pandora filed to go public. Or more technically, Pandora filed a Form S-1 with the SEC. There was a large amount of buzz around the news.
An S-1, according to Wikipedia:
"An S-1 contains the basic business and financial information on an issuer with respect to a specific securities offering. Investors may use the prospectus to consider the merits of an offering and make educated investment decisions. A prospectus is one of the main documents used by an investor to research a company prior to an initial public offering."
Essentially an S-1 gives investors all the information they need to evaluate an investment. This information includes:
- A detailed description of the business
- Risk factors
- Use of proceeds
- Capitalization
- Complete financial statements
- Executive team backgrounds and compensation
- Board of directors
- Current stockholders and investors
- etc.
Since I have written about recent Internet IPOs and Pandora multiple times in the past, I have gotten many questions from friends, family and collegues on Pandora's IPO. However, Pandora's publicly available S-1 answers these questions about the company better than I ever could.
So there, our S-1 is available online here -- it tells you everything you might want to know.
Note: Below is the full text version of the filing but use the SEC's official version for the most up to date information.
