The digital scrap-booking company sold 75 million shares Wednesday for $19 each, after marketing them for $15 to $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 $10.1 billion.
The listing is the second biggest in the U.S. so far this year, after Lyft Inc.’s $2.34 billion IPO and ahead of Tradeweb Markets Inc.’s $1.24 billion offer in March. Zoom Video Communications Inc. also priced its IPO Wednesday, raising $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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Uber Makes IPO Case That It’s About the Platform, Not the LossesUber Technologies Inc., the current era’s archetypal startup, moved toward becoming a public company Thursday, revealing that it racked up a $3 billion operating loss last year and hoping potential investors will look beyond that.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Emerging risks for emerging economiesSuddenly it seems that emerging-market economies have gained a respite – but it may be short-lived.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Africa is being left out of the digital tax loopIt’s a tricky issue. Tech companies are able to operate internationally very effectively, zooming down fibre optic cables from their tax havens. Should they be taxed in a different way? It’s now a leading topic on the global agenda, and African tax experts are hustling to join the discussions. Governments around the world have proposed varying solutions. Africa, however, is not necessarily happy with the progress, but potential solutions are out there. Very interesting piece DURITZ79
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Currency Crisis Claims Another Strongman as Sudan’s Bashir FallsFor autocratic leaders seeking lessons from the toppling of Sudanese President Omar al-Bashir, avoiding a currency crisis may be the key to survival. And is about to endorse one. Or not.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: P&G Puts Ad Platforms Like Facebook, Google on NoticeProcter & Gamble Co., one of the most important advertisers for Google and Facebook Inc., ramped up criticism of internet platforms, saying the problems plaguing the industry aren’t getting fixed fast enough.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Rico: Cartoon FridaySo no hope for assisting the SA Electricity Grid then?
Source: dailymaverick - 🏆 3. / 84 Read more »