By CCN: Pinterest priced its IPO at $19 a share, as reported by CNBC, exceeding the once lowered $15-$17 range provided by the online pinboard company. Pinterest could have gone bigger, as investor demand for the shares has already sent the new stock soaring in the market debut. Pinterest, which now trades under the ticker PINS on the NYSE, started trading at $23.75, a whopping 25% higher than...
Following Lyft and TradeWeb, the next big IPO of the year is rapidly approaching. Make way for Pinterest, which could face similar headwinds to Lyft and has already begun to prep for this by slashing its IPO target by billions of dollars. Unfortunately for Pinterest - and prospective investors - the firm failed to learn from Lyft in one key area. Pinterest Opts for Same Controversial Dual-Share...
Someone at Lyft owes Pinterest an apology. The online pinboard company has no doubt been waiting for its public debut since the startup was first conceptualized in 2009. Now that the day of the Pinterest IPO has nearly arrived, the company can thank ride-sharing play Lyft for spoiling the party. Underwriters and the management team were left scrambling to slash the tech unicorn's valuation at the...
Pinterest, one of the most widely utilized photos sharing platforms for content creators, artists, and casual users, has filed its S-1 form to conduct an initial public offering (IPO). In its post-IPO era, Pinterest is reportedly planning to expand into the e-commerce market, competing against the likes of Instagram, Amazon, and Walmart. Depending on the success of its initiative to create an e...