Pinterest sets conservative pricing after Lyft drop

The digital scrapbooking site said in a regulatory filing that it will put about 75 million shares up for sale at a price between $15 and $17 each.

And those tech companies still planning to go public this year may be treading more carefully following the debut of Lyft 11 days ago. After a much ballyhooed debut , the stock slumped for two days. While its shares bounced back from their lows last week, they remain far below the heights reached in the flurry of first-day trading, and they fell 3% Monday, again dipping under the initial offering price.

Pinterest claims more than 250 million active monthly users and more than 2 billion monthly searches.

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