Pandora Media Inc., the Internet-music company preparing for aninitial public stock offering, said revenue more than doubled lastquarter and its user base topped 90 million, solidifying its lead instreaming radio.
Sales rose to $51 million in the three months ended April 30,from $21.6 million a year earlier, the Oakland, Calif.- basedcompany said. Pandora aims to build investor interest for itsplanned $100 million IPO, which would follow the public marketdebuts of other popular Internet startups.
Shares of professional- networking site LinkedIn Corp. andRussian search engine Yandex NV surged after initial offerings thismonth.
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