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 SCOTUS sounds skeptical about law banning gay conversion therapy. Trump, Johnson aren't happy with pick for Super Bowl headliner. Felix Baumgartner's death attributed to his own error. It's being called a disturbing trend: paragliders with bombs. See 1 more photo Report an error