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Pinterest sets $15-$17 IPO price range, below last private valuation

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Pinterest sets $15-$17 IPO price range, below last private valuation GlobeBusiness

BRENDAN MCDERMID/Reuters

At the upper end of its target range, the company could have a market valuation of about $11.30-billion and could raise $1.3-billion in net proceeds, taking into account restricted stock units and options. But it remains unprofitable even though its net loss narrowed to $62.97-million in 2018 from $130-million a year earlier.

Pinterest would join a bevy of high-profile companies that went public, including Lyft Inc and Levi Strauss .

 

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