FILE PHOTO: A Pinterest banner hangs on the facade of the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2017. REUTERS/Brendan McDermid/File Photo
April 18, 2019
NEW YORK (Reuters) – Pinterest Inc, the online scrapbook where users save ideas for clothes, décor and recipes, said on Wednesday it priced its initial public offering at $19 per share, above its $15-$17 target range.
At this price, Pinterest raised around $1.4 billion at a roughly $12.6 billion valuation, taking into account restricted stock units and options.
The company is due to start trading on the New York Stock Exchange on Thursday under the symbol “PINS”.
(Reporting by Joshua Franklin in New York; Editing by Lisa Shumaker)
