Pinterest Inc on Monday set a price range of $15 to $17 per share for its initia...
- Pinterest Inc on Monday set a price range of $15 to $17 per share for its initial public offering of 75 million shares, valuing it below the $12 billion at which the online image-search company sourced its last fundraising in 2017.
Reuters had reported in January Pinterest, which plans to list under the symbol “PINS” on the New York Stock Exchange, could raise around $1.5 billion and that the IPO was likely to come in the first six months of 2019. The company will go public with a dual-class share structure to concentrate voting power with Class B shareholders, which included Co-founder, President and Chief Executive Officer Benjamin Silbermann, according to a filing with the U.S. Securities and Exchange Commission.
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