Pinterest valued at USD 10 bn during IPO

Anca Alexe 18/04/2019 | 08:51

Online scrapbooking platform Pinterest has raised USD 1.43 billion in its IPO after it priced the offering at USD 19 per share, taking the company’s value to USD 10 billion, according to CNBC. However, in a 2017 financing round, it had been valued at USD 12 billion.

Pinterest is expected to begin trading today on the New York Stock Exchange. Its revenue increased by 60 percent in 2018 to USD 756 million, but it still posted a net loss of USD 63 million.

This was among the first major tech IPOs of the year, led by Goldman Sachs and J.P. Morgan Chase, along with ride-hailing company Lyft, whose stock has lost 19 percent compared to its IPO price.

Pinterest was founded by a former Google employee and a former Facebook designer in 2010 and has 265 monthly users.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Anca Alexe | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue