Recent IPOs Review: Pandora’s Listenership
Pandora Media (NYSE:P): Pandora announced its 2011 full year* listenership results and that it has now reached an Average Quarter Hour, or AQH, rating of 1.0 or more among adults 18-34 in the top radio markets. The full year listenership results revealed AQH and cumulative audience cume increases in each of the top local radio markets in the country based on listener data from Jan. 6, 2011 through Jan. 4, 2012. During that period, Pandora experienced 50%-100% growth in AQH ratings in all of the top radio markets for adults ages 18-34 and 18-49, with the largest AQH gains of 100% in the New York, Atlanta, Dallas-Ft. Worth and Boston metro survey areas, or MSA.
The shares closed at $13.22, down $0.6, or 4.34% on the day. The stock is $2.78 or 17.38% lower than IPO price of $16.00.
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