Pinterest prices IPO at $19 to begin trading Thursday

phys.org | 4/8/2019 | Staff
Refel_4309 (Posted by) Level 3
Click For Photo: https://3c1703fe8d.site.internapcdn.net/newman/gfx/news/2019/pinterestiso.jpg

Pinterest is offering 75 million shares on the New York Stock Exchange with 11.25 million extra if required, raising between $1.4 and $1.6 billion, and will trade under the symbol "PINS"

Pinterest on Wednesday announced it would price its initial public offering at $19 a share to begin trading on Wall Street the following day.

Online - Bulletin - Board - Women - Shares

The online bulletin board popular among women is offering 75 million shares on the New York Stock Exchange with 11.25 million extra if required, raising between $1.4 and $1.6 billion, and will trade under the symbol "PINS."

At $19, the introductory price is above the range $15-$17 that was predicted and which valued the company at $11 billion.

Wake - Market - Debut - Platform - Lyft

It comes in the wake of a lackluster market debut for ride-sharing platform Lyft, which began trading in March at $72 and closed at $59.51...
(Excerpt) Read more at: phys.org
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!