Pinterest’s The listing is the second biggest in the US so far this year.
The digital scrap-booking company sold 75 million shares Wednesday for US$19 each, after marketing them for US$15 to US$17, according to a statement. Based on the number of Class A and B shares outstanding after the offer, as detailed in a regulatory filing, Pinterest’s IPO price would value it at about US$10.1 billion.
The listing is the second biggest in the US so far this year, after Lyft Inc’s US$2.34 billion IPO and ahead of Tradeweb Markets Inc’s US$1.24 billion offer in March. Zoom Video Communications Inc. also priced its IPO Wednesday, raising US$751 million in 2019’s fourth-biggest listing so far. Other high-profile companies considering going public include Slack Technologies Inc, Postmates Inc, Palantir Technologies Inc and Airbnb Inc.