Pinterest IPO - Here Are a Few Things for Investors to Know

Pinterest, Inc. today announced the pricing of its initial public offering of its Class A common stock at a price to the public of $19.00 per share. 

The shares are expected to begin trading on the New York Stock Exchange on April 18, 2019 under the symbol “PINS” and the offering is expected to close on April 23, 2019, subject to customary closing conditions.

Pinterest co-founder and CEO Ben Silbermann deliberately relied on modesty prior to the IPO. The spread for the issue price was between 15 and 17 dollars. 

That's less than Pinterest was worth at the last private round of financing in 2017. At that time, one share was valued at $ 21.54. However, the price of the stock, which was fixed on Wednesday evening, was above the price range at $ 19. Thus, the start-up founded in 2010 was valued at $ 12.6 billion.

Analysts are divided over the potential of the company. Ali Mogharabi of Morningstar has a target price of $ 22. "While Pinterest will compete with giants such as Google, Facebook and Amazon. But we believe the company can generate enough advertising revenue to become profitable, "he wrote in a report.

Here Are a Few Things For Investors To Know About The Pinterest IPO.

• The company’s stock is trading on the New York Stock Exchange under the ticker “PINS.”
• Pinterest (NYSE:PINS) started its IPO off with shares trading at $19 each.
• The Pinterest IPO has it selling 75 million shares of its stock.
• This gives the company a valuation of $10 billion.
• There also an option for an additional 11.25 million shares that underwriters of the IPO can purchase.
• The $19 price is better than its initial plans to launch its shares in the IPO between $15 and $17.
• However, it does still value the company less than the last round of private funding.
• The last private funding for the social media company gave it a value of $12.30 billion.
• The Pinterest IPO starts today and will be running through April 23, 2019.
• PINS stock opened today at $23.60, which is 24% above its price for the IPO.
• The lead joint book-running managers for the offering are Goldman Sachs, J.P. Morgan Securities and Allen & Company.
• BofA Merrill Lynch, Barclays Capital, Citigroup Global Markets, Credit Suisse Securities, Deutsche Bank Securities and RBC Capital Markets. are also serving as book-running managers for the IPO.

You can follow these links to learn more about the Pinterest IPO.