Pinterest is pricing its shares at $19 for the initial public offering Thursday, setting it on track to raise more than $1.4 billion.
Picture search site and the scrapbooking said it expected to sell 75 million shares at a cost between $15 and $17 each. The company will Start trading on the New York Stock Exchange.
Pinterest had earnings of $756 million final year and a loss of $63 million. It’s over 250 million customers.
Public 10, Zoom and pinterest , additionally scheduled to move, are the very first businesses to record their inventory since the expected Lyft debut. Lyft stocks are down over 30 percent from their high.