Legal DealFolio - Pandora Media IPO

Davis Polk advised Pandora Media, Inc. on its $235 million initial public offering of common stock. The underwriting syndicate includes Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., William Blair & Company, L.L.C., Stifel, Nicolaus & Co, Incorporated and Wells Fargo Securities, LLC. The underwriters have an option to purchase an additional $35 million of common stock to cover over-allotments. Based in Oakland, California, Pandora is the leader in internet radio in the United States, offering a personalized experience for each of its listeners. Pandora has over 90 million registered users, and more than a 50% share of all internet radio listening time among the top 20 stations and networks in the United States. The Davis Polk corporate team included partner Martin A. Wellington and associates Peter M. Lamb, Sara Chang, Nicholas J. Dashman and Jeffrey C. Lau. Counsel Cynthia Akard provided compensation and benefits advice. All lawyers work in the firm's Menlo Park office.

Deal Date:	20-06-2011	Practice Area:	Equity Capital Markets
Deal Title:	Pandora Media IPO	Industry:	Media
Description:	Davis Polk advised Pandora Media, Inc. on its $235 million initial public offering of common stock. The underwriting syndicate includes Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., William Blair & Company, L.L.C., Stifel, Nicolaus & Co, Incorporated and Wells Fargo Securities, LLC. The underwriters have an option to purchase an additional $35 million of common stock to cover over-allotments. Based in Oakland, California, Pandora is the leader in internet radio in the United States, offering a personalized experience for each of its listeners. Pandora has over 90 million registered users, and more than a 50% share of all internet radio listening time among the top 20 stations and networks in the United States. The Davis Polk corporate team included partner Martin A. Wellington and associates Peter M. Lamb, Sara Chang, Nicholas J. Dashman and Jeffrey C. Lau. Counsel Cynthia Akard provided compensation and benefits advice. All lawyers work in the firm's Menlo Park office.
Financial Center:	Silicon Valley	Value:	100.01-500.00
Advised Party:	Underwriter	Law Firm	Davis Polk
Issuer Jurisdiction-	United States	Listing Jurisdiction-	United States
Classification:	Initial Public Offerings NASDAQ	Lawyer	Martin A Wellington

Practice Areas -

Equity Capital Markets Law Firms and Lawyers

Practice Areas - Equity Capital Markets Law Firms and Lawyers