Pinterest prices IPO above range

Pinterest prices IPO above range

5 years ago
Anonymous $9jpehmcKty

https://techcrunch.com/2019/04/17/pinterest-prices-ipo-above-range/

Pinterest priced shares of its stock, “PINS,” above its anticipated range on Wednesday evening, CNBC reports. The company will sell 75 million shares of Class A common stock at $19 apiece in an offering that will attract $1.4 billion in new capital for the visual search engine.

The NYSE-listed business had planned to sell its shares at between $15 to $17 and didn’t increase the size of its planned offering prior to Wednesday’s pricing.

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