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June 03, 2011

Pandora IPO to raise about $123 million and about $1.4 billion in valuation

1. Pandora Media Inc., the Internet- music company that’s lost $92.1 million since it started in 2000, is seeking to raise as much as $123.2 million in a U.S. initial public offering. The Oakland, California-based company will offer 13.7 million shares for $7 to $9 each,



2. MGM China Holdings Ltd., the Macau venture between Pansy Ho and the biggest casino operator on the Las Vegas Strip, rose on its first day of trading in Hong Kong after raising $1.5 billion in an initial public offering.

3. Zynga, the maker of Farmville and Cityville and other games, should will file for an IPO by the end of the month. Zynga is trying to get Goldman Sachs to lead its IPO and provide a credit line of more than $1 billion for acquisitions, according to a report.
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