Pinterest IPO price softens expectations, would value company around $9 billion

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The visual discovery app estimates that shares for its initial public offering will range from $15 to $17, less than a previous funding round.

A Pinterest banner hangs on the facade of the New York Stock Exchange. . By Hamza Shaban Hamza Shaban Technology reporter Email Bio Follow April 8 at 10:24 AM Pinterest, the networking site where users can discover and share images for cooking, fashion and design, has set an IPO price range that values the company at upward of $9.2 billion, according to a regulatory filing Monday.

Though underwriters tend to price IPOs conservatively in the hope shares will exceed the set value after trading begins, Pinterest’s expected range gives the company a lower valuation than it had in 2017. At that time, it was worth an estimated $12 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This what you can do with owning the Birth-Right of the Sovereign Principle.

At 10x losses, that’s cheap compared Lyft.

A dollar for every picture my wife has shown me of bread recipes from them

trumpy loves plaques with his name on it in gold letters.. Freaking 5 year old, trumpys Mom never gave him any gold stars on the refrigerator. When or if he ever did any good in school..I guess...................

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pinterest enters IPO market on a roll, even with Lyft's pullbackLyft's rocky debut has been an exception to the hot IPO market so far this year.
Source: CNBC - 🏆 12. / 72 Read more »