Social Media

Pinterest entered the stock exchange – the company’s shares rose by 25% at the start of trading

The company expected a stock price of $ 19.

  • The social network Pinterest has started trading stocks on the New York Stock Exchange. At the opening of their value increased by 25% – to $ 23.75.
  • The company placed shares at a price of $ 19. According to the data of 18:43, Pinterest shares rose in price by 28.95% and cost $ 24.5 per share. The company’s market capitalization is $ 13 billion.
  • Founded in 2010, Pinterest applied for an IPO in March 2019. In April, before entering the stock exchange, the social network valued itself at $ 10-11.3 billion.
  • As of September 2018, the monthly audience of the service was more than 250 million active users. The company’s revenue in 2018 rose to $ 755.9 million, and losses decreased to $ 62.9 million.

Pinterest begins at first day trading at …Pinterest began trading on the ticker “PINS.” WWW.CNBC.COM

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