Money | Pandora Pandora Jacks IPO to $161.5M Betting on LinkedIn-esque investor frenzy By Polly Davis Doig Posted Jun 11, 2011 7:59 AM CDT Copied Tim Westergren, Chief Strategy Officer & Founder of Pandora, arrives to the annual Allen & Co. Media conference in Sun Valley, Idaho, Tuesday, July 6, 2010. (AP Photo/Nati Harnik) See 1 more photo This is getting to be one pricey box to open: Pandora has jacked the price of its hotly anticipated IPO to $161.5 million, reports the New York Post, up from a slightly more modest $109.5 million last week and $100 million in February. The stock market may be tanking, but the Internet radio company is betting it can still cash in on investor thirst for tech IPOs, a la the frenzy that surrounded LinkedIn last month. Pandora's $161.5 million pricetag would value an offering of 14.7 million shares at $10 to $12 apiece. Read These Next Trump nominee who said he has 'a Nazi streak' withdraws. Trump reportedly wants a $230M payout from the DOJ. White House called off Trump-Putin summit. RFK Jr. offered his wife a fake separation. See 1 more photo Report an error