Luisa Beltran

Pandora Media went public today and shares of the online music service initially popped more than 60% before coming back down to earth. Yesterday, Pandora sold 14.7 million shares at $16 each, above its $10 to $12 price range. Morgan Stanley is lead bookrunner on the deal. Other underwriters include JP Morgan, Citi, William Blair & Co., Stifel Nicolaus Weisel and Wells Fargo Securities. The underwriters have the option to buy an additional 2.2 million shares.

Pandora is expected to price its IPO later today. Oakland, Calif.-based Pandora, which provides a Web radio service, will likely begin trading Wednesday on the NYSE, and is expected to trade under the symbol "P," an unexpected move because only market bellwethers tend to use single-letter ticker symbols. John Fitzgibbon, publisher of IPO Scoop.com, says Pandora is generating huge demand, despite the fact that so many have condemned the company. The deal is 10 times oversubscribed, he says...

In a sign of continued strength for late-stage, VC-backed tech and Internet companies, Pandora Media boosted the number of shares it is offering along with their price. Today, Pandora said in an amended filing it will now sell14.68 million shares at $10 to $12 each. This is up from the 13.68 million shares at $7 to $9 each that Pandora previously planned to offer. At $11 share, the mid-point of the IPO price range, Pandora could raise $161.5 million. Pandora is expected to price its IPO on June 15 and trade the next day, a source says.

Cycle Capital Management has invested $2.5 million in American Aerogel Corp. Rochester, N.Y.-based AAC develops and makes aerogel-based insulation products.

After more than five years, CCMP is exiting CareMore Medical Enterprise. Wellpoint, a leading health insurer, announced Wednesday that it was buying CareMore, a managed healthcare provider that serves seniors. CareMore currently has about 54,000 members and operates 26 care center clinics in Arizona, California and Nevada. This is up from the roughly 20,000 members CareMore had when CCMP bought the company, a person says.

Onswipe, a tablet publishing company said Friday that it had raised $5 million in a series A or "Awesome" round. Spark Capital led the round.

It looks like Goldman Sachs will escape criminal prosecution. Yesterday, Goldman received a subpoena from the Manhattan District Attorney, which is investigating GS's role in the financial crisis. The subpoena stems from a Senate subcommittee report released in April. The report accuses Goldman of making a huge bet against the housing market, misleading investors, mismanaging conflicts of interests and putting its interest ahead of its clients, according to the Wall Street Journal. We asked you whether the Feds may slap Goldman with some criminal charges. A majority, or 64.6%, doesn’t think the IB will get hit with anything. But a significant number, or 35.4%, think Goldman may finally get charged. What have we learned? There's still a lot of hate for Goldman, which became public enemy No. 1 during the financial downturn. The Goldman conspiracies were numerous: it had a role in Bear Stearns’ collapse, it has had undue influence on the Fed, and it benefited from the financial crisis (GS got $13 billion in AIG CDOs repaid — on top of the $10 billion in TARP funds it received).

Groupon today filed for its long-awaited IPO. The daily deals site, which rejected a takeover bid from Google, is looking to raise $750 million. That will likely change in future filings. Groupon didn't disclose how many shares it would sell, their price range or on what exchange the stock will list. That information will come in future filings. Groupon expects to trade under the ticker GRPN. Morgan Stanley is lead bookrunner on the deal, while Goldman Sachs is

Robert May has been appointed CFO and Chief Compliance officer of Industry Ventures. May was most recently a venture partner at Standish Management but was previously the CFO at Founders Fund and at Thomas Weisel Venture Partners. Also, Jay Ganatra has joined Industry Ventures as an associate working on secondary direct investment transactions.

Cycle Capital Management has invested another C$3.5 million into Enerkem, a Quebec company that specializes into converting waste into clean fuel. Cycle Capital, a Canadian VC firm, has so far invested C$7 million in Enerkem.