initial public offerings (IPOs) trading on American exchanges

Thursday, April 18, 2019

Pinterest (PINS) began trading on the NYSE on Thur 18 April 2019

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
  • 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. 

No comments:

Post a Comment