Pinterest sets range for IPO at $15-17, expects to sell 75 million shares

Online-imaging company Pinterest set a price range for its coming initial public offering at $15 to $17 dollars on Monday, as the company begins to market the sale of its stock to public investors. The pricing range, reported by the Wall Street Journal, is below what the company last raised capital from private investors at $21.54 a share, according to a separate WSJ report. The pricing comes amid a flurry of high-profile IPOs in 2019, including that of ride-hailing company Lyft Inc LYFT, +3.

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pinterest will now suck b/c its going public. Just like Facebook and Twitter.

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Source: NBCNews - 🏆 10. / 86 Read more »