{"id":810,"date":"2019-03-26T07:33:41","date_gmt":"2019-03-26T07:33:41","guid":{"rendered":"http:\/\/wp2.creanncy.com\/davenport\/davenport-4\/?p=810"},"modified":"2024-08-08T20:51:12","modified_gmt":"2019-03-26T07:33:41","slug":"pinterest-prices-ipo-at-19-a-share-valuation-tops-10-billion","status":"publish","type":"post","link":"https:\/\/articlethirteen.com\/pinterest-prices-ipo-at-19-a-share-valuation-tops-10-billion\/","title":{"rendered":"Pinterest prices IPO at $19 a share, valuation tops $10 billion"},"content":{"rendered":"\n<p>Following a pricing of $19 per share on Wednesday, Pinterest raised $1.43 billion in its IPO, valuing the company at $10 billion.\u00a0<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Following a pricing of $19 per share on Wednesday, Pinterest raised $1.43 billion in its IPO, valuing the company at $10 billion.&nbsp;<\/p>\n\n\n\n<p>The price range for <a href=\"https:\/\/www.pinterest.com\">Pinterest<\/a>, which is anticipated to begin trading on Thursday on the <a href=\"https:\/\/www.nyse.com\/index\">New York Stock Exchange<\/a>, was initially stated as being between $15 and $17. Despite the difficulties Lyft has encountered since becoming the first consumer tech IPO of the year last month, investors still seem to have a taste for the social media company.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"740\" height=\"416\" src=\"https:\/\/articlethirteen.com\/wp-content\/uploads\/2022\/12\/CEO-PIN.webp\" alt=\"CEO Ben Silbermann\" class=\"wp-image-1796\" srcset=\"https:\/\/articlethirteen.com\/wp-content\/uploads\/2022\/12\/CEO-PIN.webp 740w, https:\/\/articlethirteen.com\/wp-content\/uploads\/2022\/12\/CEO-PIN-300x169.webp 300w, https:\/\/articlethirteen.com\/wp-content\/uploads\/2022\/12\/CEO-PIN-360x202.webp 360w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/articlethirteen.com\/pinterest-prices-ipo-at-19-a-share-valuation-tops-10-billion\/#CNBC_Report\" title=\"CNBC Report\">CNBC Report<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/articlethirteen.com\/pinterest-prices-ipo-at-19-a-share-valuation-tops-10-billion\/#Pinterest_beginning\" title=\"Pinterest beginning:\">Pinterest beginning:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/articlethirteen.com\/pinterest-prices-ipo-at-19-a-share-valuation-tops-10-billion\/#Higher_Stock_Holder\" title=\"Higher Stock Holder\">Higher Stock Holder<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/articlethirteen.com\/pinterest-prices-ipo-at-19-a-share-valuation-tops-10-billion\/#Read_more\" title=\"Read more\">Read more<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"CNBC_Report\"><\/span>CNBC Report <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Wednesday morning, <a href=\"https:\/\/www.cnbc.com\/world\/?region=world\">CNBC <\/a>reported that the company would set its prices higher than anticipated. Pinterest&#8217;s revenue increased by 60% to $756 million last year, and with a net loss of $63 million, the business came a lot closer to becoming profitable. Pinterest&#8217;s IPO is still less than the $12 billion valuation it received in a financing round in 2017.<br>The year&#8217;s first important tech IPO, Pinterest, is due to begin trading around the same time as Zoom, a carrier of video conferencing services. The first significant IPO to hit the market was made by the ride-hailing company Lyft in March, but since then, the stock price has reduced by 19%<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-container\"><iframe title=\"Pinterest sets its IPO price range at $15 to $17\" width=\"1140\" height=\"641\" src=\"https:\/\/www.youtube.com\/embed\/dApr5gTooEw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div><figcaption class=\"wp-element-caption\">Authentic Source : <a href=\"https:\/\/www.youtube.com\/watch?v=dApr5gTooEw\" data-rel=\"lightbox-video-0\">CNBC News<\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pinterest_beginning\"><\/span>Pinterest beginning:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Pinterest, which now has 265 million monthly users, was launched in 2010 by <a href=\"https:\/\/twitter.com\/8en?lang=en\">Ben Silbermann<\/a>, a former Google employee, and <a href=\"https:\/\/twitter.com\/eshp\">Evan Sharp<\/a>, a former Facebook designer. The business experienced explosive growth in 2012, but since then, expansion has slowed down in part because of a workplace culture that many employees describe as being decision-slow.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Higher_Stock_Holder\"><\/span>Higher Stock Holder<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At the offer price, Silbermann&#8217;s stake is valued at close to $1 billion. While FirstMark&#8217;s holdings are worth $844 million and <a href=\"https:\/\/twitter.com\/a16z?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\">Andreessen Horowitz<\/a>&#8216;s stake is worth $827 million, <a href=\"https:\/\/twitter.com\/BessemerVP?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\">Bessemer Ventures<\/a> owns shares worth $1.13 billion.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Read_more\"><\/span>Read more<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<ul class=\"wp-block-latest-posts__list wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/articlethirteen.com\/how-to-make-any-space-look-expensive-without-breaking-the-bank\/\">How to Make Any Space Look Expensive Without Breaking the Bank<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/articlethirteen.com\/are-cats-living-longer-than-ever-the-surprising-truth-about-feline-longevity\/\">Are Cats Living Longer Than Ever? The Surprising Truth About Feline Longevity<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/articlethirteen.com\/leaving-town-heres-how-to-keep-your-home-safe-while-youre-away\/\">Leaving Town? Here\u2019s How to Keep Your Home Safe While You\u2019re Away<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Following a pricing of $19 per share on Wednesday, Pinterest raised $1.43 billion in its IPO, valuing the company at $10 billion.\u00a0<\/p>\n","protected":false},"author":1,"featured_media":1796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[3],"tags":[10,13,14,18,21],"class_list":{"0":"post-810","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-blog","9":"tag-celebrity","10":"tag-fashion","11":"tag-magazine","12":"tag-trends"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/articlethirteen.com\/wp-json\/wp\/v2\/posts\/810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articlethirteen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articlethirteen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articlethirteen.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/articlethirteen.com\/wp-json\/wp\/v2\/comments?post=810"}],"version-history":[{"count":1,"href":"https:\/\/articlethirteen.com\/wp-json\/wp\/v2\/posts\/810\/revisions"}],"predecessor-version":[{"id":1797,"href":"https:\/\/articlethirteen.com\/wp-json\/wp\/v2\/posts\/810\/revisions\/1797"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/articlethirteen.com\/wp-json\/wp\/v2\/media\/1796"}],"wp:attachment":[{"href":"https:\/\/articlethirteen.com\/wp-json\/wp\/v2\/media?parent=810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articlethirteen.com\/wp-json\/wp\/v2\/categories?post=810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articlethirteen.com\/wp-json\/wp\/v2\/tags?post=810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}