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Pinterest Prices I.p.o. At $19 A Share, For A $12.7B Valuation - The New York Times

by nytimes.com posted 1month ago 13 views
SAN FRANCISCO — Pinterest on Wednesday priced its shares at $19 each for its initial public offering, in a sign of healthy demand by investors after the appetite for fast-growing but money-losing tech companies appeared to be on the wane. The price valued the digital pin board company, which lets people save images and links from around the web, at $12.7 billion. That is a little above its last private fund-raising round, which had pegged the company at $12 billion. By selling at $19 a share, Pinterest raised $1.6 billion from big investors in the offering.

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