Pandora Preparing IPO

Pandora’s owners are preparing an initial public offering of
stock and could announce their plans in the coming weeks, according to a
Reuters report.

According to the report, the company reported this month a
105 percent increase in six-month sales and a 41 percent rise in operating
profit. Charms and silver and gold
charm bracelets accounted for 86 percent of total revenue in the first six
months of the year and continued to grow rapidly.

 “Pandora has shown itself to be resilient to the economic crisis,
but fashion can be unpredictable,” one banker said in the report. “No
one knows how long there will be demand for their big-selling charms.”

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