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Pinterest IPO: 13 Things for Investors to Know

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The Pinterest IPO is underway and it comes with good news for investors in the stock.

Pinterest IPO: 13 Things for Investors to Know

You can follow to learn more about the Pinterest IPO.

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.
  • Robert W. Baird & Co. Incorporated, UBS Securities and Wells Fargo Securities are co-managers of the IPO.

You can follow theselinks to learn more about the Pinterest IPO.

PINS stock was up 26% as of Thursday afternoon.

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As of this writing, William White did not hold a position in any of the aforementioned securities.

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The post Pinterest IPO: 13 Things for Investors to Know appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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