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Pinterest Keeps It Modest And Lyft Sheds Its ‘nice Guy' Image

by fortune.com posted 4months ago 34 views
On deals and dealmakers. : Pinterest remains modest in all aspects of its business. The social media platform set a price range of $15 to $17 for its initial public offering, which puts it below the valuation at which it last raised private money. Pinterest last sold shares to pre-IPO investors in 2017 at a price of $21.54 each, valuing the company at roughly $12.3 billion. At the proposed price range, Pinterest would be valued below that level, at around $11 billion at the high end of its range.

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