The company was formerly known as Cold Brew Labs Inc. and changed its name to Pinterest, Inc. in November 2010.
- Sector: Technology
- Industry: Internet Content & Information
- Full Time Employees: 2,005
- https://www.pinterest.com
- Headquartered in San Francisco, California.
Pinterest (PINS) priced 75 mln share IPO at $19.00 per share, above the expected range of $15-17
Shares of the digital scrapbooking site rose more than 28% in their public debut Thursday on the New York Stock Exchange. The San Francisco-based company's stock, trading under the symbol "PINS," closed at $24.40, up $5.40 from the IPO price of $19 each.
Pinterest raised about $1.5 billion, based on 75 million shares in the offering. The deal's underwriters had the option to purchase an additional 11.25 million shares.
Pinterest is one of a lineup of technology-based initial public offerings set to begin trading including ride-hailing company Uber.
Pinterest co-founder & CEO Ben Silbermann, right, and fellow co-founder and chief product officer Evan Sharp, pose for photos outside the New York Stock Exchange, Thursday, April 18, 2019, before the company's IPO.
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