Pinterest prices IPO at $19, valuing social networking company at $10 billion
Pinterest raised $1.43 billion in its IPO after pricing the offering at $19 a share on Wednesday, valuing the company at $10 billion.
CNBC reported earlier on Wednesday that the company would price above the expected range. Pinterest's revenue jumped 60% last year to $756 million, and the company moved significantly closer to profitability with a net loss of $63 million. Still, Pinterest's IPO is below the $12 billion valuation it attained in a 2017 financing round.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Pinterest is reportedly set to price its IPO above the expected rangePinterest is expected to price its initial public offering above the expected range, according to The Wall Street Journal.
Leer más »
IPO market faces biggest week of 2019 so far with Pinterest, Zoom and Greenlane on tapThe initial public market is bracing for its biggest week of the year so far with eight deals on tap expected to raise $2.5 billion in proceeds.
Leer más »
Pinterest readies $1.3-billion IPO with anti social media marketing campaignThe San Francisco startup, which operates like an online bulletin board, claims its 250 million monthly users are looking for things to buy, giving it an edge over peers such as Snap and Twitter. The company expects to shell shares for as much as $17 a piece.
Leer más »
Pinterest and Zoom to Test IPO Market After Lyft’s StumbleA pair of technology unicorns will launch themselves into the public markets Thursday, hoping the messy recent debut of Lyft Inc. is in the rearview mirror.
Leer más »
Pinterest prices IPO at $19 per share, giving it a $10 billion valuation — lower than its $12.3 billion private valuationPinterest is expected to start trading Thursday on NYSE under the ticker 'PINS.'
Leer más »
Zoom raises IPO price range and could now be worth almost $9 billion in debutZoom said it plans to sell shares for up to $35 to a piece, an increase from $32, the top end of its previous range.
Leer más »
Zoom raises IPO price range, could now be worth almost $9 billion, showing investors crave profitsZoom says it plans to sell shares for up to $35 to a piece, an increase from $32, the top end of its previous range.
Leer más »
Zoom plans to price IPO at top end of range or above: SourcesZoom has already raised its price range and sources now say that the company is likely to price at the top end of that range or even higher.
Leer más »
Zoom raised its IPO price range and could begin trading Thursday with $9 billion valuationThe video conferencing company Zoom is expected to start trading Thursday on the Nasdaq under ticker symbol 'ZM.'
Leer más »
The average Pinterest employee has $700,000 in equity according to a report which warns of disruption if the IPO is volatilePinterest's IPO valuation is lower than its last private funding. But the hefty equity of employees poses a big risk if the stock price is volatile.
Leer más »