2019-4-18 19:37 |
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 where it was priced. Pinterest was satisfied pursuing a $10 billion valuation, lower than the $12 billion figure it was valued at back in 2017. Now the company is valued at more
The post Pinterest IPO Soars to $12 Billion Valuation as Uber Looks on, Licking Its Chops appeared first on CCN
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