Pandora Boosts Share Price Before IPO

In the wake of LinkedIn‘s successful public offering, Pandorahas boosted the size of its IPO by 43%, raising its share price and the number of shares.

The company is now offering 14.7 million shares for $10 to $12, according to SEC documents. Pandora had filed earlier this month to sell 13.7 million shares for $7 to $9. In total, Pandora plans to take in $176.2 million in its IPO.

The increase comes after LinkedIn’s IPO on May 19, which showed investors’ appetite for social media stocks. LinkedIn shares opened at $45 that day and closed at $94, a 108% gain for the day, raising about $4 billion. The stock was trading at around $72 on Friday morning. Groupon, meanwhile, has filed to raise $750 million in its IPO.

Unlike LinkedIn, which is profitable, Pandora has never been in the black. Pandora lost $1.8 million in fiscal 2010 on revenues of $137.8 million and noted in its SEC filing that “we expect to incur operating losses on an annual basis through at least fiscal 2012.”