Bead maker Pandora may go public with a $1 billion initial public offering, according to a report in Reuters.

The story says Pandora sold over half a billion dollars in beads last year, with sales up nearly 60 percent (in Danish crowns) from the year before. The numbers are evidence of the company’s meteoric rise, considering it didn’t introduce its hit charm bracelet until 2000 and didn’t have a U.S. office until 2003, according to a company profile.