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.
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