Pinterest prices IPO at $19, valuing social networking company at $10 billion

Pinterest prices IPO at $19, valuing social networking company at $10 billion

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/17/pinterest-prices-ipo-at-19-valuing-company-at-10-billion.html

Pinterest priced its IPO at $19 a share, above the top end of the expected range, valuing the company at $10 billion.

Pinterest, which is expected to start trading on Thursday on the New York Stock Exchange, had originally given a pricing range of $15 to $17. But investors appear to be showing an appetite for the social media company despite the challenges Lyft has faced since becoming the first consumer tech IPO of the year last month.