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 A new ransom demand arrives in the Nancy Guthrie case. What we know about former Prince Andrew's arrest. Blame game over massive sewage spill is heating up. These lawmakers plan to boycott Trump's SOTU address. See 1 more photo Report an error