Shares of online scrapbook company Pinterest Inc surged 25 percent in their debu...
Pinterest, Inc. led by Chairman, Co-Founder, President and CEO Ben Silbermann and Co-Founder, Chief Design and Creative Officer, Evan Sharp ring the opening bell celebrating the IPO of Pinterest Inc. at the New York Stock Exchange in New York, U.S., April 18, 2019. REUTERS/Brendan McDermid
The offering of 75 million shares was priced at $19, above the expected range of $15 and $17, and raised $1.4 billion in net proceeds.The company breezed past the $12 billion valuation it commanded in its last private fundraising round in 2017 after the final pricing on Wednesday. Pinterest is a social-scrapbooking website that allows users to search for various topics, from home improvement projects to travel tips, with results often showing handy infographics.
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