By Hamza Shaban and Hamza Shaban Technology reporter Email Bio Follow Thomas Heath Thomas Heath Local business reporter and columnist, writing about entrepreneurs and companies in the Washington metropolitan area Email Bio Follow April 18 at 7:24 AM Pinterest is slated to begin trading on the New York Stock Exchange Thursday, after pricing its highly anticipated public offering at $19 a share.
With an IPO price $2 above its expected range, Pinterest is valued at more than $12 billion, slightly above its last private round of funding. Last week, when Pinterest released a lower-than-expected IPO price, analysts drew attention to the conservative pricing, which might have been set to avoid Lyft’s disappointing debut. After launching at $72 per share in late March, the ride-hailing company’s stock plummeted 12 percent on day 2 of trading. Lyft has been flailing since, and it closed Wednesday at $59.51.Tech investors will be watching the debut closely.
More than 250 million users a month use Pinterest, which took in more than $755 million in revenue last year. The company is not profitable, but it has narrowed its losses by 51 percent and boosted sales 60 percent from 2017 to 2018.After Pinterest, several more tech unicorns are expected to go public, including Uber, Airbnb, WeWork and Palantir. In addition to uncertainty about continuing losses and unjustified valuations, investors will have to contend with broader industry trends.
Yeah I love to be one with the unicorn
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Interest high in Pinterest with $19 share price - Reuters TVAhead of Thursday's IPO, social media site Pinterest set its share price at $18, suggesting investors have shrugged off Lyft's poor performance and are ready to dive back in to public markets. this is almost back to. Com days. What does this website actually do for it to be worth $12b? You can post pictures? After posting a picture, then what?
Source: Reuters - 🏆 2. / 97 Read more »
Pinterest IPO priced at $19 per sharePinterest, a social platform for bookmarking pictures from around the web, has priced its initial public offering at $19 a share I go there once every 2 years now jaymeowww pin interest
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Pinterest prices IPO at $19 a share, valuation tops $10 billionPinterest Inc. priced its initial public offering higher than expected Wednesday, raising more than $1.4 billion and valuing the company at more than $10... short that into oblivion, instagram is essentially eating their lunch already I smell another short I have a feeling this will be a good short.
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Pinterest Prices IPO at $19 a ShareTech unicorns Pinterest and Zoom will launch themselves into the public markets Thursday, becoming the latest big test for new listings after the rough early weeks for Lyft. Pinterest priced its shares at $19 apiece, two dollars above the high end of the range. I live for Pinterest. We like the work that you do, keep it coming. check out partnerts instactyptonews , they have a great account and we working together on developing super fast tweets & news delivery . I’m going to buy it if they can prove they lost around $1B last year lyft uber
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Pinterest prices IPO at $19, valuing social media company at $10 billionPinterest prices IPO at $19, valuing social networking company at $10 billion Interesting IPO here So many wood pallets.. caroljsroth $10 billion? Really?
Source: CNBC - 🏆 12. / 72 Read more »
A Max Levchin-Backed Startup Raises $19 Million To Tackle Online ReturnsReturnly, which works with thousands of retailers like Rothy's, Untuckit and Fanatics to process returns, has raised a Series B funding round.
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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.' Pinterest is making money by copyright violations. I am not a fan, at all!
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Pinterest Prices IPO at $19 a ShareTech unicorns Pinterest and Zoom will launch themselves into the public markets Thursday, becoming the latest big test for new listings after the rough early weeks for Lyft. Pinterest priced its shares at $19 apiece, two dollars above the high end of the range. I live for Pinterest. We like the work that you do, keep it coming. check out partnerts instactyptonews , they have a great account and we working together on developing super fast tweets & news delivery . I’m going to buy it if they can prove they lost around $1B last year lyft uber
Source: WSJ - 🏆 98. / 63 Read more »
Pinterest prices IPO at $19 a share, valuation tops $10 billionPinterest Inc. priced its initial public offering higher than expected Wednesday, raising more than $1.4 billion and valuing the company at more than $10... short that into oblivion, instagram is essentially eating their lunch already I smell another short I have a feeling this will be a good short.
Source: MarketWatch - 🏆 3. / 97 Read more »
Pinterest IPO priced at $19 per sharePinterest, a social platform for bookmarking pictures from around the web, has priced its initial public offering at $19 a share I go there once every 2 years now jaymeowww pin interest
Source: CNN - 🏆 4. / 95 Read more »