June 10, 2011
Securities and Exchange Commission
Division of Corporation Finance
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: | Pandora Media, Inc. |
Registration Statement on Form S-1 |
Ladies and Gentlemen:
Pursuant to Rule 461 under the Securities Act of 1933, as amended (the Securities Act), we, the representative of the underwriters (the Representative), hereby join in the request of Pandora Media, Inc. (the Registrant), for the acceleration of the effective date of the Registrants Registration Statement on Form S-1 (File No. 333-172215) (the Registration Statement), relating to a public offering of shares of the Registrants common stock, par value $0.0001 per share, so that the Registration Statement may be declared effective at 4:30 p.m. Washington, D.C. time, on June 14, 2011, or as soon thereafter as practicable. The undersigned, as Representative of the underwriters, confirms that the underwriters are aware of their obligations under the Securities Act.
Additionally, pursuant to Rule 460 of the Securities Act, we hereby advise you that the Preliminary Prospectus dated June 3, 2011, was distributed by the underwriters approximately as follows from June 3, 2011 through the date hereof:
Copies to underwriters |
4,513 | |||
Copies to dealers |
0 | |||
Copies to institutional investors |
2,195 | |||
Copies to others/retail |
1,635 | |||
Total |
8,343 |
The undersigned, as Representative of the underwriters, hereby represents on behalf of the underwriters that the underwriters are acting in compliance and will act in compliance with the provisions of Rule 15c2-8 promulgated under the Securities Exchange Act of 1934, as amended, in connection with the above proposed offering.
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Very truly yours, | ||
Morgan Stanley & Co. LLC | ||
J.P. Morgan Securities LLC | ||
Citigroup Global Markets, Inc. | ||
Stifel, Nicolaus & Company, Incorporated | ||
William Blair & Company, L.L.C. | ||
Wells Fargo Securities, LLC | ||
By: Morgan Stanley & Co. LLC | ||
As representative of the several underwriters | ||
By: | /s/ Robert Brass | |
Name: | Robert Brass | |
Title: | Executive Director |
Acceleration Request Signature Page