In a sign IPO sellers are not tone-deaf, Pinterest is pricing its 75 million share IPO at $15-$17 a share, which at the $17 range would raise $1.3 billion and value the company at below the $12 billion it was valued at during its last round of fundraising in 2017.
But Lyft's rocky debut has been an exception. Since Levi Strauss went public on March 21, there have been eight IPOs with market caps over $100 million. The bad news is the gains have all been on the first day of trading, for the most part. The aftermarket return for the eight has been -1.0%.
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Pinterest sets range for IPO at $15-17, expects to sell 75 million sharesOnline-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... pinterest will now suck b/c its going public. Just like Facebook and Twitter.
Source: MarketWatch - 🏆 3. / 97 Read more »
Pinterest Sets IPO Price Range Below Last ValuationPinterest set a price range of $15 to $17 for its initial public offering, a range that is below where it last raised money privately, as the company begins its roadshow to pitch shares to investors. downhill Pinterest is still in use? Pinterest is not worth investing in.
Source: WSJ - 🏆 98. / 63 Read more »
Pinterest Is Expected to Set IPO Price Range Below Last ValuationPinterest plans to set a price range for its IPO that is below where the online image-search company last raised money privately when it begins a roadshow to pitch the shares to investors Monday. My response to Pinterest.
Source: WSJ - 🏆 98. / 63 Read more »
Lyft sinks 12%, falls below IPO priceLyft's market debut offers something of a gut check for Uber, Slack and Pinterest. Looks like they could... Nevermind. For now.... So feel good about yourselves “poor people,” but in a year or two this stock will blow up. That’s how this works. buynow
Source: CNBC - 🏆 12. / 72 Read more »