Pinterest's IPO sets company value at $12.7bn amid flurry of tech debuts

Pinterest's IPO sets company value at $12.7bn amid flurry of tech debuts

5 years ago
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https://www.theguardian.com/technology/2019/apr/17/pinterest-ipo-valuation-stock-market-tech

The valuation is a sign of strength for the tech IPO market after ride-hailing start-up Lyft’s struggles

Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7bn on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles.