Fast Company: "Internet radio company Pandora today filed a registration statement for its initial public offering and hope to earn a reported $100 million.
Rumors have been bubbling for months over an IPO for the 80-million strong streaming music service. Asked recently, founder and Chief Strategy Officer Tim Westergren declined to comment one way or another about whether his company ended 2010 with a profit of an estimated $100 million (the company ended 2009 with a $50 million profit). "It's all going in the right direction," Westergren told Fast Company.
Under his direction, the company has grown significantly, and now represents the vast majority of market share for Internet radio, and well as holding more than a 2% share of all radio listening."